Chen Dongcheng took his people and went out for a breather. Li Changqing analyzed the acquisition possibilities of the Vision Fund for Chen Dongcheng.
"Boss, the composition of the Vision Fund is very complicated. SoftBank only invests a small part, and many of them are debt models."
"Among them, 42.3 billion U.S. dollars of funds are all in the form of debt, and the amount of real equity financing is not high."
"It's equivalent to SoftBank using a very complex lever to pry into the pockets of those Middle Eastern consortiums."
"Misra played a very important role. Within the Vision Fund, Misra was the one who spoke the right words. No one dared to question him."
"I think it is very likely that Misra will acquire the stocks you hold. The Vision Fund needs high-quality projects like Didi to increase the confidence of those consortiums in investing."
After Li Changqing made a detailed analysis, he almost analyzed the Vision Fund.
The Vision Fund looks scary, managing nearly $100 billion in liquid assets.
In fact, the initiative of the fund is not entirely in Mishra's hands.
Misra also had to consider the voices of those funding consortiums.
It is Chen Dongcheng who holds the initiative now.
Even if the Vision Fund fails to acquire it, if Chen Dongcheng chooses to sell it in bulk, many institutions will still be interested.
After taking a short break, Misra's assistant politely invited Chen Dongcheng and others into the conference room.
At this time, Misra changed his face, smiling kindly and chatting about various anecdotes about the investment circle.
It even includes the story of Masayoshi Son’s investment in Ahri, which makes people vomit.
Misra's offer this time is more sincere, and he is willing to accept Didi's valuation of US$48 billion.
However, they have a requirement that all shares must be sold to them.
"Are you sure you want to eat them all?"
Chen Dongcheng was really surprised by Misra's appetite, which was not a small amount.
"Of course, as the Vision Fund is the world's largest PE fund, our investment will definitely cause shock in the world!"
Mishra smiled lightly, this Indian is indeed courageous.
His investment strategy is very aggressive, either do nothing or do it to the maximum.
Since Misra wanted to take over the deal so much, Chen Dongcheng couldn't help but agree. He smiled heartily and said, "I have no problem. We can formally discuss the detailed transaction process."
Such large-scale equity transactions involve reasonable tax avoidance and other aspects, which are all handled by Li Changqing and others.
Chen Dongcheng only needs to know that the Vision Foundation paid him a one-time payment of US$4.92 billion.
All the details were settled and it was already dark.
Chen Dongcheng invited Misra to dinner, and Misra happily accepted the invitation.
Both parties came together to celebrate the deal on a small scale.
Misra believes that his judgment is correct and the travel market has huge potential.
This investment from the Vision Fund will surely reap huge returns.
Chen Dongcheng was even more happy and relaxed, clearing his stocks at one time in exchange for a large amount of disposable cash.
"Mr. Chen, let me toast you again. Your investment vision is admirable."
Misra raised his glass and said to Chen Dongcheng with a smile.
"Thank you. I believe that your company's transaction will satisfy all consortiums. This will be a very dazzling acquisition on your resume."
"Haha, I'd like to lend you some good words."
Mishra would still reveal some character flaws inadvertently.
For example, they are ambitious, too radical, and very authoritarian.
Chen Dongcheng didn’t know how Son allowed Mishra to exist under his subordinates.
Maybe Lao Sun is overconfident in his skills.
If a person like Misra is allowed to climb to a certain position, he may kill his master.
…
The meeting between Chen Dongcheng and Mishra could not be hidden from some well-informed people.
Cheng Wei called immediately, his voice a little deep.
"Dongcheng, what do you think? Let's develop Didi together and lead Didi to go public. Wouldn't it be a good idea?"
"I'm sorry, I can no longer participate in Didi's plan to go public."
"You... forget it, SoftBank will have more and more say in Didi in the future."
Cheng Wei hurriedly hung up the phone, his tone very worried.
What he is most worried about is the change of control. SoftBank has been increasing its investment in the travel field.
Now that the Vision Fund led by SoftBank has acquired Chen Dongcheng's equity, its voice over Didi has suddenly increased significantly.
At least SoftBank will have another seat on the board of directors.
Cheng Wei hung up the phone, and Gu Shouyi called with a very depressed tone.
"Mr. Chen, what's going on? I just asked the boss for instructions and he agreed to acquire part of the stocks in your hands."
"Lao Gu, listen to my advice and don't invest in Didi's stock if you can."
Chen Dongcheng knows that Didi will have many troubles in the future.
If there was no Vision Fund as a takeover, he would definitely sell part of it to Gu Shouyi.
Now that there is a successor, there is no need to trick Gu Shouyi, who has hope of rising.
"That's it. Then I'll explain it to the boss. I'll have a chance to meet with Mr. Chen to discuss it in detail."
Gu Shouyi felt a little baffled, but he quietly took it to heart.
If others said this to him, Gu Shouyi would definitely not care.
But Chen Dongcheng is different. Not to mention that Chen Dongcheng is a shareholder of Didi, so there is no need to warn him like this.
Just the fact that Chen Dongcheng dared to put all his money on Didi during the battle between Didi and Kuai was enough to convince Gu Shouyi.
…
The deal didn't take long, perhaps because Misra was eager to prove himself.
After all, his reputation within SoftBank and even within the Vision Fund is not very good.
Misra himself also knows that this is a dark history that he cannot erase.
We can only produce more achievements to prove to Son and the consortium in the Middle East to keep his position.
“The Vision Fund plans to acquire all Didi shares held by Donghua Capital for US$4.92 billion.
After the acquisition is completed, the Vision Fund will become Didi's second largest shareholder, and SoftBank's voice will be further strengthened!"
This is the latest news released by the Vision Fund, and it instantly went viral in all investors’ circles of friends.
All kinds of comments of envy, exclamation, and adoration have almost flooded Chen Dongcheng’s WeChat account.
Lei Jun: "Congratulations, Mr. Chen, for a perfect investment."
Pony Ma: "Congratulations to my junior fellow students, I have the opportunity to talk about the cooperation with Douyin."
Peng Zhijian: "Real-name envy sucks Mr. Chen's luck."
Sun Weiran: "Mr. Chen is so powerful. He has the opportunity to invest in our Bekara."
…
Now that the Vision Fund has been announced, it means that the deal has indeed been completed.
Chen Dongcheng's account did receive funds remitted from the other party.
Nearly 5 billion US dollars of funds are filled in his account, giving Chen Dongcheng an unprecedented sense of security.
Thinking about how difficult it was for me to initially invest in Didi, I was almost rejected by Cheng Wei.
Now it seems that everything is worth it.
As soon as the funds arrived, the tax department began to pay attention to Chen Dongcheng and tried every means to contact Mr. Chen.
Mr. Chen’s profits are so huge that he must pay taxes.
Li Changqing and others will communicate with the tax department and try to minimize the tax payment within the legal scope.
As for tax evasion?
Just kidding, isn’t that looking for death?
Chen Dongcheng was very cooperative. He didn't want to be on a blacklist and hide abroad for the rest of his life.
Originally, the tax department had a bit of a headache, and even dispatched a large number of elite soldiers to prepare for a battle of wits and courage with Mr. Chen.
Unexpectedly, Mr. Chen was so cooperative, which made the person in charge of the tax department very happy.
Chen Dongcheng's sale of Didi's equity, excluding his investment cost of nearly one billion US dollars, resulted in a tax bill of approximately US$400 million.
Mr. Chen couldn't help being speechless after reading the results calculated by Li Changqing and others.
Li Changqing has been busy for so long and can finally breathe a sigh of relief.
"Boss, you just need to transfer the tax payment to the account number sent by the tax department."
"Your transaction has been successfully passed, and you can use the remaining funds freely."
"I understand. You have been working very hard recently. Each of you should go to Jingyu to get twenty thousand dollars."
"Thank you boss!"
Li Changqing thanked him quickly, and then went to inform several other colleagues with a smile.
Now the size of the think tank has expanded to eight people.
Among them, Li Changqing is considered to be the old man who has been with Chen Dongcheng the longest and holds the position of group leader.
These elites came from major investment banks and law firms and chose to follow Chen Dongcheng, not just to make a fortune.
Judging from the current situation, Li Changqing and others admire their boss's investment vision.
Didi’s investment undoubtedly proves how accurate the boss’s vision is.
Even Li Changqing and others asked themselves, they did not dare to bet on Didi resolutely when the situation was unclear.
This kind of courage is unparalleled in their eyes.
Donghua Capital is the second overseas investment company registered by Chen Dongcheng.
Just the sale of shares in Didi made Donghua Capital completely famous.
The outside world is still discussing how much Chen Dongcheng made from this transaction.
Chen Dongcheng revealed a piece of information to the outside world.
Donghua Fund was officially established, and the first phase of the US dollar fund started to be raised from the outside.
When the news came out, many people asked for advice, and Peng Zhijian asked directly.
“How much is the management fee, how much is the income share, and what projects can be invested in?”
"The management fee is 2%, and the revenue share is 20%. The investable projects include Douyin, Little Blue Book, Cao Cao Dianping, and more companies under my umbrella in the future."
"How much do you plan to raise in the first round?"
"The U.S. dollar fund should raise 1 billion U.S. dollars first. I want to test the waters with this amount first."
"You really have a big appetite. I'll invest 200 million US dollars first and sign the contract immediately."
Peng Zhijian answered very decisively, showing no hesitation at all.
Chen Dongcheng had just cleared Didi's stock, which was the time when it was being sought after.
Any later and he won't even have a chance to enter the game.
"You have so much confidence in me?"
Chen Dongcheng half joked, half sighed: "If you didn't have Yuansheng Capital, I would definitely poach you as soon as possible."
"It's not bad to cooperate like this now. I'll help you contact some consortiums. They should be very interested in your fund project."
Peng Zhijian left Tencent in order to take control of a company by himself instead of continuing to be a pawn for others.
Chen Dongcheng has some regrets, but the most difficult thing about setting up a fund is not the talent, but the reputation.
If you don’t have an outstanding record, you won’t be able to find investors at all.
Chen Dongcheng took advantage of this, and the details of the Vision Fund’s acquisition of Didi were revealed bit by bit.
In particular, many institutions have learned that Chen Dongcheng made nearly US$4 billion in profits using less than one billion US dollars.
They were completely stunned by Chen Dongcheng's slutty moves.
With such a large amount of capital, you can still get nearly four times the return, which is not a dream!