富力律师事务所.ppt

富力律师事务所DetroitChineseBusinessAssociationSeminar“GrowingaBusinessByAcquisitionsandJointVentures”系列讲座之三:企业兼并与合营April5,20061AboutFoley&LardnerLLPFoley&Lardnerisanationallawfirmwith17officesacrosstheUnitedStates,andofficesinTokyoandBrusselsNearly1,000attorneysworldwideWehaveaffiliationswithlawfirmsinnearlyeverycountry,includingseveralChineselawfirms2AboutFoley&LardnerLLPFoley&LardneristheonlynationallawfirmintheUnitedStateswithasubstantialofficeinDetroit(45lawyers)panieswithalloftheirlegalneeds,includingmergersandacquisitionsandjointventuretransactionsOurattorneysincludemanybankruptcyspecialists,includinginChapter11cases3BackgroundsofFoleySpeakersSteveHilfingerDetroitOfficeManagingPartner;Co-LeaderofFoleyAutomotiveIndustryTeam19yearsofM&Aexperienceshilfinger@/,DetroitOffice10yearsofM&Aexperienceddoogal@/,BostonOffice8yearsofM&Aexperiencelji@/:“HowtoStartaBusiness–pany”(May25,2005)Part2:“HowtoRaisetheRightMoneyforaGrowingBusiness”(July21,2005)Part3:“GrowingaBusinessbyAcquisitionsandJointVentures”(Tonight)5FormatforTonight’sSeminarWewilleachcoveraportionofthepresentationthiseveningQuestions,inEnglishorChinese,easwegoalong;wewillalsohavea“Q&A”sessionattheendofourpresentationAlso,wewillbeavailableforamoreinformalQ&Afollowingourpresentationoryoumaycontactusdirectly6First:SomeDefinitions“Acquisition”AnacquisitionofallorsubstantiallyalloftheassetsorstockofabusinessMaybeastockpurchase,assetpurchase,mergerorothersimilartransaction“JointVenture”(JV)pany,acorporation,apartnershiporotherentityOftenhaveastatedperiodofduration()7WhatAreStrategicReasonsforanAcquisitionorJV?AccesstoGeographicMarketsEstablishinga“toehold”inamarketFasteralternativethana“greenfield”esstoCustomersManycustomerrelationshipstakeyearstodevelop;elerateOftenacquisitionsorJVsareattherequestorencouragementofkeycustomers8WhatAreStrategicReasonsforanAcquisitionorJV?AccesstoTechnologyStrongR&Dfunctions/capa