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解码私募股权融资与估值——安永助力科创企业资本破局
Sou Hu Cai Jing· 2025-09-23 12:36
Core Insights - The workshop organized by Hong Kong Science Park and EY focused on addressing the financing challenges faced by tech startups, aiming to help them overcome capital barriers [2][12] - EY's experts provided a comprehensive solution from financing strategies to valuation, emphasizing the importance of selecting the right investors and paying attention to detail in agreements [4][5][6] Group 1: Financing Strategies - The workshop highlighted the importance of choosing the most suitable investors, as different investor groups have varying demands and expectations [4] - Startups were advised to meticulously review all terms and conditions in agreements to avoid potential disputes [5] - Engaging professional advisors early in the financing process was recommended to leverage their expertise across legal, financial, and strategic dimensions [5] Group 2: Valuation Methods - Valuation is a critical aspect of financing transactions, with common methods including cost approach, income approach, and market approach [8] - The application of these valuation methods should consider the specific characteristics of the startup to establish a solid foundation for negotiations [9] - The combination of scientific frameworks and artistic judgment is essential in determining the appropriate valuation parameters [9] Group 3: One-on-One Consultations - The event included one-on-one consultations where startups could engage with EY experts to address specific challenges, such as finding investors and improving financial reporting quality [11] - Participants expressed appreciation for EY's comprehensive support, which they previously thought was only available to larger enterprises [12] - The workshop concluded with a commitment from EY to continue supporting tech startups in leveraging capital to enhance their technological capabilities [12]
不确定性阴云笼罩 私募股权融资暴跌
智通财经网· 2025-05-27 12:44
智通财经APP获悉,私募股权公司今年的融资额大幅下降,这是交易撮合和首次公开募股(IPO)放缓对 整个行业造成冲击的最新信号,因为该行业在高借贷成本下难以向投资者返还资本。数据提供商 Pitchbook的研究显示,截至3月份的三个月里,私募股权融资额同比下降35%,至1160亿美元。该研究 机构预计今年融资总额将低于2024年的5310亿美元,而2024年的水平已经低于过去几年。 私募股权融资放缓 在投资者权衡美国总统唐纳德•特朗普关税政策的影响之际,这些数据描绘了一幅黯淡的画面。穆迪评 级上月表示,由于不确定性削弱了商业信心并推迟了投资,私募股权发起人将在支持和退出投资方面面 临困难。这家信用评级公司补充称,许多公司面临现金流压力,因为它们的杠杆收购发生在2021年和 2022年,当时利率较低且估值较高。 除了贸易动荡之外,特朗普试图切断联邦政府对哈佛大学等顶尖大学的资助,这也促使一些投资者转向 二级市场,在那里他们可以以折扣价套现私募股权。二级市场策略的融资额达到521亿美元,几乎是 2024年总额的一半。 风险资本融资仍然疲软,仅为187亿美元,这将使2025年成为10多年来风险资本融资最低的一年。房地 ...