The R Group is not the most powerful investment firm on Wall Street, but this company has its own unique business model, and in doing so, it has gained a foothold in the global capital center of Wall Street.
The R Group was founded in 1976 by Kravis RS, Roberts R S cousins, and mentor Kohlberg, whom the two met while working at Bear Stearns, one of the Big Five investment banks Co-founded, the company's name comes from the initials of the three people's surnames.
R Group is a well-known private equity investment institution in the U.S. stock market, and the so-called private placement mainly refers to its funds from a small number of private investors and institutional investors, rather than raising funds through the issuance of stocks and bonds through public channels such as the New York Stock Exchange.
In addition to the characteristics of the source of funds that R Group has in general private placements, the most different point is that this company often uses a highly leveraged approach to acquisitions.
At the beginning of the establishment of R Group, the main source of funds was bank loans, and they relied on their own connections to borrow funds from banks, so that they could invest in the stock market to make a small profit, and often staged cases of small snakes swallowing elephants.
Thanks to the superb investment level of R company, although the risk of leveraged buyout is extremely high, but the returns are often huge, relying on this leveraged buyout stunt, R has jumped from a small workshop to become a star investment company on Wall Street.
R now manages nearly $50 billion worth of businesses, and they have a much smoother way to raise capital.
Bank loans are no longer the main source of leveraged funds for Company R, which now raises funds by issuing junk bonds, which are bonds that are not rated by Standard & Poor's and have no guaranteed returns, but may also be redeemed normally.
Once a company is targeted by R, it often becomes meat on the chopping block, and R will suck every drop of bone marrow of the company before selling it.
This time, R has his eye on Motorola, but not because Motorola itself has anything to invest in, but because Motorola has become the lifeblood of the battle between Communications and AT&T.
Communications has already made a heavy bet on the Iridium program, and now there is no turning back, and if R manipulates Motorola's board of directors to withdraw from the Iridium program at this time, the communication will suffer huge losses.
And for AT&T, Motorola is just as important, and if R sells his stake to AT&T, then communications will be cornered.
At that time, AT&T may be able to take advantage of this to buy or acquire the king of mobile communications.
R's investment is simply a tiger's mouth, a chestnut in the fire.
However, both the communications and the AT&T Company have missed this weakness of Motorola, and this capital blackmail is already destined to eat the telecommunications and AT&T.
However, judging from the report of Bloomberg News, R is more optimistic about AT&T, because everyone on Wall Street knows that Goldman Sachs and Morgan Stanley are on the side of AT&T in this communication battle.
Without Motorola's satellite technology, communications would never have turned over.
Eva now regrets her carelessness, and has always focused only on the technological lead, ignoring the capital aspect.
Due to his own willingness, he was unable to go public to win more investors, which also restricted the development of communications in disguise, and now it is useless to bet the entire Gorky system of funds, even if Seryosha is rich, it is impossible to compete with top investment banks such as Goldman Sachs and Morgan Stanley.
The news of the sniping of Motorola soon spread throughout the Wall Street investment community, and now those investors on Wall Street finally understood the logic of investing in Motorola, and everyone began to eat Motorola's stock frantically, and everyone wanted to get a piece of Motorola's stock before AT&T made a move.
However, if you want to make money, you can't just buy Motorola shares, according to the current situation, after AT&T gets another 20 percent of R's shares, it only needs to take another 10 percent, because once a company gets 30 percent of the shares in the open market, it can submit an offer to the New York Stock Exchange, that is, whoever grabs 10 percent of the chips first will be qualified to negotiate with the deep-pocketed AT&T.
Eva had tried to find some collaborators from Wall Street to try to make the same acquisition of Motorola, but Eva acted too late.
Wall Street investment institutions are not optimistic about her.
Moreover, Motorola's stock is now almost a price a day, and it is estimated that Eva will have to spend a lot of money if she wants to prevent Motorola from being acquired.
This is far beyond the limits of what can be tolerated.
Even if all the liquidity is taken out now, it is impossible to eat 30% of Motorola's shares.
In desperation, Eva had no choice but to contact Seryosha again.
When Seryosha heard the news, he also felt a little tricky.
All along, Eva's communication has been smooth sailing in the development process, and she never imagined that one day she would be cornered by a small R.
"How long will it take for our satellite communication experiment to be completed" Seryosha tried to calm his tone, he didn't want Eva to worry too much about these things, communication has never been in contact with the capital market since its development, it has always been Seryosha private investment, excessive protection makes communication lack vigilance and vigilance against Wall Street.
Seryosha has some connections in the British investment community, but he has no roots in the United States.
Moreover, behind AT&T stands the super-luxurious investment lineup of Goldman Sachs and Morgan Stanley.
Not to mention Seryosha, even if all the banks of the USSR are combined, they are not the opponents of these two investment banks.
"It's going to take about a year and a half, but now that Motorola's attitude has changed, I'm worried that the other side will break the contract," Eva said in frustration.
"Eva, don't worry about Motorola, the Iridium project continues, I'll take care of the rest," Seryosha comforted Eva on the phone.
"But Seryosha" "Nothing, don't worry, I'll take care of this," Seryosha interrupted Eva, reassuring again.
In New York, in a small and inconspicuous investment consulting firm lined with Wall Street, the two founders are carefully reading all the public information since the inception of the newsletter in order to get a deeper understanding of the company.
On the door number of the company's office, an inconspicuous name, BSN Blackstone, is impressively printed. t1706231537: