| 中文摘要 | 第1-14页 |
| Abstract | 第14-15页 |
| 1. Introduction | 第15-17页 |
| 2. Literature Review and Theoretical Framework | 第17-25页 |
| Figure 1 Schematic structure of cross-border PE syndication process based on extant literature | 第18-19页 |
| ·Motives and Contextual Factors | 第19-23页 |
| ·Motives on Firm Level | 第19-20页 |
| ·Motives on Deal Level | 第20-21页 |
| ·Contextual Factors | 第21-23页 |
| ·Compositions and Dynamics | 第23-24页 |
| ·Structuring | 第23页 |
| ·Partner Selection | 第23-24页 |
| ·Dynamics of syndicates | 第24页 |
| ·Effects on Performance | 第24-25页 |
| 3. Methods | 第25-26页 |
| 4. Comparative Analyses of Italy- China PE&VC Markets | 第26-37页 |
| ·Macroeconomic Framework Analyses | 第26-29页 |
| Figure 2 GDP Growth Contrast of Italy and China, from 2005 to 2010 | 第26-27页 |
| Figure 3 Italian Export Performance by% Change | 第27-28页 |
| Figure 4 Inflation Rate Contrast of Italy, China and World, from 2005-2011 | 第28-29页 |
| ·PE&VC Markets Characteristics | 第29-37页 |
| ·The Main Players in Each Market | 第29-32页 |
| ·Fundraising Characteristics | 第32-34页 |
| Figure 5 Contrast of Fundraising Activities in China and Italy, from 2006 to 2010 | 第33-34页 |
| ·Investment Characteristics | 第34页 |
| Figure 6 Contrast of PE investment activities in China and Italy, from 2006 to 2010 | 第34页 |
| ·Exiting Characteristics | 第34-37页 |
| Figure 7 VC/PE Backed IPOs in China | 第35-36页 |
| Figure 8 Cross Exchanges IPO Multiples of Venture Back Companies from China | 第36-37页 |
| 5. Case Description | 第37-45页 |
| ·Case-Zoomlion's acquisition of CIFA | 第37-43页 |
| ·The Rationale of the Transaction | 第37-38页 |
| ·Private Equity Syndication Structure | 第38-42页 |
| Figure 9 Hony Capital's Value-Added Approach | 第40-42页 |
| ·Highlights of the Deal Structure | 第42-43页 |
| Figure 10 Structure of the Acquisition Deal of CIFA by Zoomlion | 第42-43页 |
| ·Case-New Trends of Set up RMB PE Fund Joint-Ventures | 第43-45页 |
| ·Carlyle Beijing RMB Fund | 第43-44页 |
| ·Carlyle and Fosun Joint RMB Fund | 第44页 |
| ·Goldman Sachs and Morgan Stanley Launch Their RMB Funds | 第44-45页 |
| 6. Discussions | 第45-51页 |
| ·Appealing Emerging Markets May Reshape the Rules | 第45-46页 |
| ·From Foreign PE Perspective | 第46-49页 |
| ·From Local PE Perspective | 第49-51页 |
| 7. Conclusions | 第51-53页 |
| 8. Appendix | 第53-56页 |
| Table 1 SWOT Analysis of Italy and China PE&VC Industries,2011 | 第53-54页 |
| Table 2 Sources of Fundraising in Italy and China | 第54页 |
| Table 3 Bank Facility for CIFA Deal | 第54页 |
| Table 4 Milestones in the Zoomlion&CIFA transaction | 第54-56页 |
| 9. Reference | 第56-59页 |
| 后记 | 第59-60页 |
