Money Machine: A Trailblazing American Venture in China
Shan, Weijian
Sold by BooksRun, Philadelphia, PA, U.S.A.
AbeBooks Seller since 2 February 2016
Used - Hardcover
Condition: Used - Fair
Ships within U.S.A.
Quantity: 1 available
Add to basketSold by BooksRun, Philadelphia, PA, U.S.A.
AbeBooks Seller since 2 February 2016
Condition: Used - Fair
Quantity: 1 available
Add to basketThe item might be beaten up but readable. May contain markings or highlighting, as well as stains, bent corners, or any other major defect, but the text is not obscured in any way.
Seller Inventory # 1394161204-7-1-13
An extraordinary tale of an American firm’s astounding success in China
In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated.
Shan also describes the astonishingly successful turnaround of the institution under the control of the American firm: the clash of cultures, the growth to strength and profitability, and ultimately, the extraordinarily profitable exit from the investment. In the process, he reveals new insights into how finance operates in China’s capital system and how private equity firms can add real value to companies. Readers will also find:
An exceptional firsthand account of truly singular deal-making and money-making, Money Machine will be of interest to investment bankers, investors, financial analysts and anyone who appreciates a suspenseful, true-life story.
WEIJIAN SHAN is Co-Founder and Executive Chairman of PAG, a leading private equity firm in Asia. Formerly, he was a partner at the private equity firm TPG and co-managing partner of TPG-Asia (formerly known as Newbridge Capital). Prior to his career in private equity, Shan was, at different times, a managing director at JP Morgan and a professor at the Wharton School of the University of Pennsylvania. He holds an MA and a PhD from the University of California, Berkeley, and an MBA from the University of San Francisco. Shan is member of the Board of Trustees of the British Museum and the International Advisory Council of the Hong Kong Stock Exchange. He is also the author of Out of the Gobi: My Story of China and America and Money Games: The Inside Story of How American Dealmakers Saved Korea’s Most Iconic Bank.
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