德弘资本王玮：并购类的投资逻辑和VC完全不一样

睿见Economy2025-04-16

“第19届中国投资年会·年度峰会”今日在北京举行。德弘资本董事总经理王玮在会上表示，并购类的投资逻辑和VC完全不一样。　　他指出，并购类的投资对于增长的要求和参股类的投资、少数股权投资是完全不一样的。因为并购的大部分企业，实际上不是靠增长带来收入、带来价值，它更多的是靠经营的改善、现金流的改善、利润率的改善。　　“比如说百分之十几的增长，加上了杠杆，就能够带来20%~25%的年化收益率了。　...

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