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Money Games

The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank

Weijian Shan (University of California, Berkeley; University of San Francisco)

$35.95

Paperback

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English
John Wiley & Sons Inc
16 March 2023
Money Games is a riveting tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea's largest bank by the American firm Newbridge Capital.

Full of intrigue and suspense, this insider's account is told by the chief architect of the deal itself, the celebrated author and private equity investor Weijian Shan. With billions of dollars at stake, and the nation's economic future on the line, Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea's most beloved financial institutions.

In a proud country still reeling from a humiliating International Monetary Fund bailout in the Asian Financial Crisis, Newbridge Capital had to muster every ounce of skill, determination, and patience to bring the deal to closing.

Shan takes readers inside the battle to win control of the bank—a delicate, often exasperating process that meant balancing the goals of Newbridge with those of the government, bank employees, and Korea's powerful industrial titans.

Finally, the author describes how Newbridge transformed and rebuilt the struggling bank into a shining example of modern banking—as well as a massively profitable investment. In the secret world of private equity, few buyouts have been written about with such clarity, detail, and insight—and none with such completeness, covering not only the dealmaking but also the transformation and eventual exit of the investment.

For anyone who has ever wondered how private equity investors strike bargains, turn around businesses, and create immense value—or anyone interested in a captivating story of high-stakes money-making—this book is a must-read.
By:  
Imprint:   John Wiley & Sons Inc
Country of Publication:   United States
Edition:   Revised Edition
Dimensions:   Height: 229mm,  Width: 150mm,  Spine: 23mm
Weight:   612g
ISBN:   9781394172573
ISBN 10:   1394172575
Pages:   368
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active
Foreword ix Acknowledgments xi Author's Note xiii Preface: Big Money Legends xv Chapter 1 Money Talks—My Path to Private Equity 1 Chapter 2 Project Safe 15 Chapter 3 White Knight 31 Chapter 4 New Faces at the Table 53 Chapter 5 Deadline Looming 73 Chapter 6 The Ambassador 97 Chapter 7 Presidential Visit 111 Chapter 8 The Chairman Takes Charge 133 Chapter 9 Daewoo Crisis 147 Chapter 10 Black Rain 161 Chapter 11 Ultimatum 175 Chapter 12 Sign It or Forget It 191 Chapter 13 The Final Sprint 213 Chapter 14 The Hard Part 235 Chapter 15 Change Agent 251 Chapter 16 Lion's Chase 267 Chapter 17 It's a Race 285 Epilogue 309 Appendix - A Primer on Commercial Banking 311 Index 317

WEIJIAN SHAN is Chairman and CEO of PAG, a leading private equity firm. Previously, he was a partner at the private equity firm TPG and co-managing partner of TPG-Asia (formerly known as Newbridge Capital), a managing director at JP Morgan, and a professor at the Wharton School. He holds an MA and a PhD from the University of California, Berkeley, and an MBA from the University of San Francisco. He is the author of the bestselling memoir Out of the Gobi: My Story of China and America.

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