Overview

In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated. Shan also describes the astonishingly successful turnaround of the institution under the control of the American firm: the clash of cultures, the growth to strength and profitability, and ultimately, the extraordinarily profitable exit from the investment. In the process, he reveals new insights into how finance operates in China's capital system and how private equity firms can add real value to companies. Listeners will also find: a peek behind the curtain of a process usually shrouded in secrecy: private equity dealmaking and moneymaking; the complex negotiations between American private equity executives and Chinese regulators to implement a series of unprecedented changes; and the riveting details of the challenges that had to be overcome to return the bank to growth and profitability.

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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 comanaging 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. Tim Lounibos is a longtime film/TV actor whose credits include Star Trek: The Next Generation, JAG, The West Wing, Bosch, and NCIS. Tim's voice has been described as rich, soothing, expressive, gritty, and honest. He loves bringing conflicted heroes, misunderstood characters, wise elders, and sinister antagonists to life. His favorite genres include fantasy/sci-fi, crime, mystery/thriller, YA, horror, self-help, and biography. When not acting, Tim enjoys playing board games, solving escape rooms, and laughing and hanging with family and friends.

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