“潜伏”收购

Hidden Acquisitions

2006年,国外"热钱"开始涌向国内物流业,大规模收购国内较具规模的民营物流企业。资本收购、包装上市、套现牟利成为国外风投、基金的普遍操作规律。本刊对此给予了长期关注。我们认为,这种并购仅发生在资本操作层面,并没有给我国企业带来先进的物流管理理念、优质的全球物流客户资源、国际化的管理人才等"软性"资源,而这些才是我国物流企业发展壮大的根基。2009年3～4月,编者在广州、深圳等地进行了行业调研。在调研中发现,对于民营物流企业来说,融资问题仍是制约企业发展壮大的重要瓶颈,尤其是在"现金为王"的金融危机当下。如何借助《物流业调整和振兴规划》出台的东风,如何在融资通道上给予民营物流企业以更多的空间,避免国外资本"热钱"抄底,保护尚显稚嫩、脆弱的民族物流阵营,有关部门应引起高度重视。

Since the end of 2006, China Network Logistics (CNL) from Hong Kong has stirred up'an acquisition boom'in Shanghai in a short time and took over three logistics enterprises, including Shanghai HurryTop Logistics,shanghai Huipeng Logistics and shanghai Huyun Logistics. The head behind CNL is a fund company in Australia,which is seldom heard in the field by some chance.And as early as 2005,before the found of CNL,the fund company has already begun to search targets in China.The acquisition boom in Shanghai is only its long-cherished plot.