Mafambiro aya anofanira kutariswa muna 2023, apo kugona kweindasitiri yekurongedza nekudhinda kurwisa kudzikira kwehupfumi kuchaedzwa.
Basa reM&A muchikamu chekurongedza nekudhinda richawedzera zvakanyanya muna 2022, kunyangwe kudzikira kwehuwandu hwechibvumirano chepakati nepakati. Kukura kwebasa reM&A kunonyanya kukonzerwa nezvinhu zvakakosha - kusimba uye kugadzikana kweindasitiri yekudhindisa machira, kuwedzera kwekutengeserana kwepamhepo kuri kuita kuti kudiwa kwemhinduro dzekudhindisa machira kuwedzere, kuramba kuchiwedzera kutengeserana kwepasi rose uye kukura kwemisika iri kusimukira.bhokisi rechokoreti riri pedyo neni
Mazuva mashoma apfuura, Scott Daspin, director we investment banking kuTriad Securities, naPaul Marino, mukuru weSadis & Goldberg's private equity group, vakagovana ruzivo rwavo rwehunyanzvi neruzivo rwekare, mamiriro ezvinhu aripo iye zvino uye tarisiro yeindasitiri yekurongedza nekudhinda.
Vose vane ruzivo rwakakura muindasitiri, Daspin aine nhoroondo yakapfuma yekuvandudza hukama hutsva uye kuziva nekuvhara kutengeserana kwakabudirira, nepo Marino ichinyanya kutarisa pamaitiro emari, mutemo wemakambani uye mari yemakambani uye inopa ruzivo nezvemafambiro eindasitiri, Maonero akakosha paindasitiri yekurongedza nekudhinda, kukanganisa kwayo pane ramangwana reM&A, nezvimwe.bhokisi remakuki echokoreti chip
Mari yemakambani ega ndiyo ichange ichitora chikamu chinosvika 54% chekutengeserana kwekurongedza nekudhinda muna 2022. Sei?
Marino: Zvichienderana nekukosha kuri kuramba kuripo kwekudhinda mapurasitiki, hazvishamisi kuti mari yave kukwezva indasitiri iyi. Vazhinji vemakambani epakati nepakati vane mhuri, izvo zvinobatsira kuvandudza mashandiro. Vanoisa mari vanoziva kukosha uye mukana wekukura kweindasitiri inoshandira maindasitiri akasiyana-siyana, kubva pakudya nezvinwiwa kusvika kuzvinhu zvevatengi nemishonga.mabhokisi ekuunganidza mari echokoreti
Pane nzira dzinoshandiswa nemakambani emakambani akazvimirira here kugadzira kukosha uye kuwana kukura?
Daspin: Makambani emakambani akazvimirira ari kuratidza mukurumbira wawo muindasitiri yekudhinda mapakeji nekushandisa nzira ye'kutenga nekuvaka'. Izvi zvinosanganisira kuwana portfolio yemakambani ari muindasitiri imwe chete kana ine hukama uye vozobatanidza nekubatanidza kuti vagadzire bhizinesi rakakura, rinoshanda zvakanaka uye rine makwikwi. Nekuda kwehunhu hweindasitiri yekupakata nekudhinda yakaparadzaniswa, kune mabhizinesi madiki nepakati, uye kune mabhizinesi makuru mashoma. Vanoisa mari vanogona kuwana makambani akawanda uye voabatanidza kuti vawane hupfumi hwakawanda, kuderedza mari, uye kuwana purofiti yakakwira.musanganiswa webhokisi rechokoreti relab
Muna 2023, pfungwa yekupikisa nekudhinda yekurwisa kudzikira kwehupfumi ichaedzwa. Ndeapi maitiro anofanirwa kutariswa?bhokisi rechokoreti reKisimusi
Marino: Mutemo wechitatu waNewton wekufamba unoti "pachiito chega chega, pane maitiro akaenzana uye akasiyana." Pfungwa iyi yakafanana nedanho rebhizinesi. Mumakore maviri apfuura, kufara kwedenda kwave kuchienderana netariro isina tariro yegore ra2023.
Zvisinei, kusava nechokwadi kwehupfumi hwenyika kunogona kukanganisa zvakanyanya indasitiri yekupakira zvinhu mugore rinouya. Zvichitevera kusawirirana kuripo mune zvematongerwo enyika, kuchinja kwemutemo wekutengeserana kwepasi rose, uye kusava nechokwadi kwehupfumi, makambani mazhinji anogona kusarudza kunonoka kuisa mari uye kuderedza mari pakupakira zvinhu. Izvi zvinogona kutungamira pakuderera kwekudiwa kwezvinhu zvekupakira, zvichikanganisa kukura kweindasitiri. Pamusoro pezvo, kana mabhizinesi akatanga kungwarira nebhajeti ravo, anogona kushandisa nzira dzekupaka dzinochengetedza mari, izvo zvinogona kukonzera kuvandudzwa uye kukura kwetekinoroji itsva dzekudhinda mapakeji.mabhokisi echokoreti eKisimusi
Zvisinei, nhoroondo inoratidza kuti indasitiri yekurongedza nekudhinda inofanira kuramba yakasimba. Kukura nekukurumidza kwekutengeserana kwepamhepo uye kuwedzera kwekutumira zvinhu mudzimba kuchaita kuti pave nekudiwa kwemhinduro itsva dzekurongedza dzinochengetedza nekuchengetedza zvigadzirwa panguva yekufambisa.
Pamusoro pezvo, sezvo vatengi vachiziva zvakanyanya nezvemhedzisiro yekurongedza zvakatipoteredza, kudiwa kwezvinhu zvinochengetedza kurongedza uye mhinduro kuchawedzera. Kuenderera mberi kwekutengeserana kwepasi rose uye kukura kwemisika iri kubuda zvichagadzira mikana mitsva yekuti indasitiri yekurongedza ishumire vatengi nemaindasitiri akasiyana-siyana.bhokisi rechokoreti dema
Zvimwe zvezvibvumirano zvamakaita mugore rapfuura zvine chimwe chinhu chakafanana here?
Daspin: Zvizhinji zvezvibvumirano zvangu zvekudhinda mapakeji zvine chekuita nemabhizinesi emhuri anobatsira uye anozvitsigira mune zvemari. Muridzi wemba anowanzo tsvaga nzira yekuenda pamudyandigere kana kungotsvaga mukana wekuwana mari, uye vatengesi vanowanzo 85% kana kupfuura yepfuma yavo yakabatana nebhizinesi ravo.bhokisi rechokoreti remusango
Zvinofadza kuti, munhu anotenga zvakawanda haasiriyo mhinduro yakanakisisa nguva dzose: Vatengesi vanowanzo tanga vachishanda nevatengi vanozochengetedza kambani mushure mekutengeswa. Semuenzaniso, vatengesi vanowanzo ramba mabhidhi ekutanga akakwira kubva kune vanotenga mari, vachisarudza kushanda nevatengi vega vane mari vanotsigirwa nemakambani avo vanopa mitengo yakaderera asi mukana wekudyarazve imwe yemasheya avo uye kuramba vachibatanidzwa neMakambani, negwara rekuronga kutsiva. Nekuda kweizvozvo, nguva yangu yakawanda muchibvumirano ichi ndakaipedza ndichiedza kufananidza mhedzisiro yaidiwa nemutengesi nemhedzisiro yaidiwa nemutengi yaisangana nezvinodiwa izvozvo.machokoreti eGodiva mubhokisi
Muna 2022, tsika yekuti nyika dzakawanda dzekuAmerica dziite mitemo yekuwedzera mutoro wevagadziri iri kuenderera mberi. Mitemo iyi chii uye inorevei kumakambani ekudhinda mapakeji?
Marino: Zvichitevera matanho akatorwa nevamwe vavo muOregon neMaine muna 2021, vamiriri vemitemo muCalifornia neColorado vakaisa mitemo yeEPR yakagadzirirwa kubatsira kuderedza marara kubva mukupakira nemidziyo. Mabhiri aya, kunyange asina kufanana, anoda kuti vagadziri vakuru vemapaketi nemidziyo vabhadhare mari inobatanidzwa nekuunganidza nekurasira zvigadzirwa zvavo. Pamusoro pezvo, vakaisa zvinangwa zvekukurudzira vagadziri kushandisa mapaketi nezvinhu zvinogara kwenguva refu. Mitemo mitsva mizhinji inodawo kuti makambani ape ruzivo nezvekugona kudzokorodza mapaketi avo uye kupa masisitimu ekuunganidza ekudzokorodza mapaketi.bhokisi guru remachokoreti
Ndeapi mazano aunawo kune vanogona kutengesa mushure mekunge kutengeserana kwapera?
Daspin: Kunyanya kuve nechokwadi chekuti vanzwisisa basa ravo remangwana mukambani uye mabasa avo kune vatengi. Vamwe varidzi vemabhizinesi vanogona kunge vasina kumbobvira vashandira chero ani zvake, saka zvinogona kuvatorera nguva yekudzidza nezvemagadzirirwo matsva emakambani kana zvinodiwa pakubika. Zvakare, sezvo vashandi vekambani vasingawanzoziva nezvechibvumirano kusvika chavharwa, ndinokurudzira kuti vatore nguva yekunzwisisa kuti mhedzisiro yekutengesa ichakanganisa sei vashandi vavo.
Vanofanirawo kuziva nzira yekutaurirana nevatengesi nevatengi mushure mekutengeserana. Nzira yekubudirira I'Taona kuti zviri kuwedzera zviziviso nemazuva makumi maviri kusvika makumi matatu kuitira kuti vatengesi vagone kusvitsa meseji yavo vasati vanzwa kubva kune dzimwe nzvimbo. Ndinofunga zvakakosha kunzwisisa kuti meseji yako chii uye zvaunogona kutaura kuvashandi vako, vatengi nevatengesi.
Pane nyaya dzemutemo dzinofanira kukurukurwa here pakutenga kana kutengeswa kwekambani inodhinda mapakeji?
Marino: Kutenga nekutengesa bhizinesi ndicho chinhu chinonyanya kukosha chinogona kuitwa nemuridzi webhizinesi, chinokwikwidzwa chete nekuronga kwekutanga kana kugumisa bhizinesi. Vatambi vese vane chekuita nekuongorora zvemari nemutemo vakachinja zvakanyanya, zvichipa zvibvumirano izvi dambudziko ravo uye kuoma kwazvo. Kunyange zvazvo zvisiri zvekutengeserana kwekurongedza, zvimwe zvinhu, zvakaita semakondirakiti evatengi, evatengesi nevashandi, zvinofanirwa kuongororwa zvakanyanya mukutenga kambani yekurongedza.
Nguva yekutumira: Chikumi-13-2023
