Breaking Up Is Better Than Divorce

286

“I have raised both hands. How can you not take a step back like that?”

Finally, a deal was reached, and Richard spoke.

“I’ve heard that if you can’t sell this, you’re going to go nuts, but what guts do you have to not take a step back like that?”

“After all, if you can’t sell this at a reasonable price, you’re really empty. Shouldn’t it be paid enough to recover if possible? huh.”

From the beginning, the scales of the negotiation were tilted to one side.

In fact, it doesn’t matter if the deal is really ruined, and compared to Eugene, who has already achieved the first desired purpose, the other party is blinded by the profit from this case.

“Then let’s start the acquisition process today.”

It looks like you’re in a bit of a hurry.

“I do that. I also like that the money comes in quickly.”

In this way, Eugene, Richard, and Jason each called a lawyer, and the Carlyle Group also requested that someone be dispatched, and the process of transferring Eugene’s rights to DL Capital was completed with the three people gathered.

“Then I will deposit $100 million into Eugene’s account today, and the remaining $350 million by the end of this month.”

The fact that he spent $450 million on Eugene’s $50 million deed meant he could definitely make a profit from it.

To exercise the rights, an additional $3.05 billion is required to be deposited.

So that’s a total of $3.5 billion spent for a 17% stake.

DL Capital meant that it was confident that Freescale would sell for at least $21 billion or more.

how?

Of course, Eugene knew the answer from the beginning.

‘No need to ask.’

Eugene already knew that many of the stockholders of large corporations were running private equity funds to divert funds overseas.

It has been several decades since Korean companies entered overseas markets.

There is nothing strange about exporting or importing goods abroad without bringing them into Korea and storing them in various countries.

However, there is no way to know which private equity fund contains which company’s slush funds.

But.

‘It was DL Capital.’

With this, Eugene found out that the place that Daeyang Group had reached was DL Capital.

That was more valuable information than the $400 million ripped off from the Daeyang Group.

Of course, it is quite conceivable that there will be other companies or private equity funds besides DL Capital.

But there won’t be a few more private equity funds that can raise $3 billion at a time.

“I sold a $50 million contract for $450 million, so I made $400 million, right? me. Oh yeah. How do you make money so easily?”

Yooseong, who watched the whole story, asked.

“I know. It’s saltier than I thought.”

Eugene wasn’t sure how much the Daeyang Group would lose.

So I kept raising the price to find out your calculations.

Through this, it was possible to know with certainty that it would cost at least 24 billion or more.

Those greedy humans can’t spend 450 million just to earn 230 million. At least, he intends to get more than he paid for himself.

“By the way, if you look at the news these days, you heard that Freescale could sell for more than 24 billion won? So, is it not worth selling now?”

“Things like that happen, too. If it sells for 24 billion, it’s almost a billion dollars. But no one knows what the outcome of the bid will be.”

In fact, Eugene guessed that the direction of the bidding had already been decided.

Why not buy it from Eugene and just blow it away?

And if you take over Freescale at such an outrageous price, you can guess what Daeyang Electronics will be facing.

‘Is that the month of April? What’s happening in Malaysia.’

Originally, the acquisition of Freescale by Daeyang was scheduled to take place only in May.

However, with Dasan Electronics’ participation in the competition, Black Stone, which had an advantage in the transaction, advanced the bidding to February.

“It’s okay… Then it’s a good sale. A certain 400 million is better than an uncertain 1 billion. It’s kind of unprofessional, but it’s okay.”

Yoosung just thought that hyung had safely secured 400 million dollars.

Entering January 2015, oil futures plunged to $54.

It dropped more than $20 from $75, which made 100,000 contracts, and generated a tremendous profit of $2 billion from this alone.

So far, it has made a total of $2.3 billion in futures alone.

However, this is only part of Eugene’s investment.

“There seems to be an uproar at the banks that have hedging contracts.”

William said with a bitter smile.

The oil price is still around $3 higher than the futures price, but the strike price of insurance is just around $50.

“Each bank will have to vomit at least $450 million, and it’s going to die.”

“Isn’t $450 million insignificant for such big banks?”

“Not at all. That’s an extra $450 million in the quarter. J.P. Morgan Chase’s net income for the last quarter would be around $4 billion. At $450 million, that’s more than 10% of the world’s largest investment bank quarterly earnings. That would be even worse for other banks.”

that’s all it is? As I think about it, I realize once again that it is now 2015.

“In the second half of this year, Eugene made more money from oil futures and options alone. haha······.”

William’s lips were smiling, but his eyes were trembling.

“We have to pay out a total of $2.2 billion from five investment banks. Perhaps by now, the person in charge is bleeding.”

“I guess so. I would like the drop in oil prices to stop now.”

“I will. But despite the drop in oil prices, oil producing countries are not willing to cut production, so it must be difficult.”

“It’s not something I don’t know.”

Eugene said something that didn’t make sense to her.

“Anyway, I will exercise my rights as soon as I reach fifty dollars.”

“Yes. I wish you all the best.”

Unknown to Eugene, it must be a very tense time for William until the oil futures price crosses the $50 mark.

And at Eugene’s house, a social party was held again.

Now that the stake in Freescale has been transferred to Daeyang, there is no need to continue pretending to be a loser.

“My face brightened. Do you think things are going well?”

Jae-hyeok, who was invited to the party that day, asked with a surprised face.

“uh. Well done. I got a share by selling the right to acquire a stake in Freescale that I told you last time at a pretty good price. With that, I was craving for a short oil price with full leverage. In the end, the one who went down seemed to go down. In one shot, I made up for what I had lost so far, and doubled it from that time.”

“double? Then 2 billion?”

Jaehyuk’s eyes widened.

“Maybe I can get over it.”

“Huh…”

Jae-hyeok looked at Eugene with strange eyes, not sure whether it was admiration or jealousy.

“Anyway, thanks to you, I’ve lived my life.”

Eugene patted Jaehyuk on the shoulder and said.

“What thanks. How did I help?”

Jae-hyeok, who had been stabbed in the grass, said in surprise.

“It helped. When I was having a hard time, you listened to all my complaints. How helpful it is to have a friend who will tell you that it is difficult in a foreign land.”

“haha. okay······.”

A cold sweat dripped from his forehead and Jaehyuk smiled awkwardly.

“Take this. I bought it for you.”

Eugene handed me a small box.

“what’s this? uh?”

Jaehyuk is surprised again when he opens the box and sees the gold watch inside.

“Rolex? like this?”

“What do you think? Do you like it?”

“Every time you like it. Of course.”

Jaehyuk smiled broadly and put the watch on his wrist.

“But I don’t know if I can take this from you.”

“Sometimes listen to what I say. That’s it. friend.”

“Yes, thank you. friend.”

The two friends looked at each other with different smiles.

“But I can’t stay with you. There are many guests. You know, enjoy it in moderation.”

After the task was over, Eugene left to greet other guests again.

“hello. Tim Carell. I work for Delicious Capital.”

Fund managers and other financial figures account for the largest proportion of people visiting Eugene’s social party.

Just as Eugene’s purpose was to socialize with people from all walks of life, they also moved from social events around Manhattan in search of potential new customers.

“Nice to meet you. Mr Karel. I don’t know much about Delicious Capital’s business because I’m not very knowledgeable.”

“Of course not. Delicious Capital is primarily based in Boston. We are mainly developing high-return products.”

Of course, high returns mean high risk. It’s probably closer to a hedge fund than a private equity fund.

“It’s a high return, so I like it.”

“Yes? If you want a safe investment, it’s best to put it in a bank.”

“Then which one is the main one? energy?”

“We are developing profitable products in various fields. Stocks, Bonds & Macros, Quants, Credits, Commodities, Energy, Films…”.

“okay.”

“And I am in charge of the film sector at Delicious Capital.”

“Five! You work in a really cool field.”

“If you are interested, we would like to take the opportunity to inform you about our products sometime.”

It seems that he came because of the investment products of his company.

“I do that. We will contact you soon.”

As always, Eugene readily accepted the offer.

Whether you actually invest or not, it is very important to increase these connections.

Networks play a pretty important role in doing any job in Korea, but in the United States, in a sense, networking is much more important than in Korea.

In Manhattan, the world’s financial capital, social events like this are taking place everywhere without a single break.

In Korea, the biggest social events are still calling women at bars, sharing bombshells, and meeting golf courses, but in the United States, various social parties play a role.

Eugene, who has worked as a general trading manager for a large corporation in Korea and a global developer in New York, knows the importance of networks all too well.

For this reason, Eugene was also gradually expanding his network through parties that were held regularly in his wonderful mansion.

“Are things going well with Dasan Electronics?”

As the bid date approached, Jaehyuk asked more and more earnestly.

“uh. It seems that Chairman Kim’s will is very strong, not at Dasan Electronics. I don’t think it can ever be taken away by the ocean.”

“Then how much do you think the bid will be?”

“It is certain to exceed 24 billion at least.”

“So much?”

Jaehyuk looks surprised at the higher-than-expected amount.

“It looks like it would be quite difficult if it was taken away by the ocean.”

“Does the ocean use that much? Daeyang Electronics’ market cap is not that high.”

“Because it’s something you don’t know. There are even expressions that say that survival is at stake beyond the ocean, fertility, or mere pride.”

“To do.”

Jaehyuk nodded his head.

In fact, Eugene had already predicted that Daeyang had set a higher bid price, regardless of Dasan’s bid price.

In order to profit from the stake in the Carlyle Group that he bought from him.

In late February, there was a competitive bid from Freescale Semiconductor.

The bidding location was set at Blackstone’s headquarters in New York.

In the Trump building where he was living, it would hurt his nose if he fell, but Eugene did not participate in the event.

Instead, he implicitly asked William to let him know when he got information from Blackstone.

– The winner of the Freescale competitive bid has been decided. This is Daeyang Electronics. The bid is $28.6 billion.

Around 3pm, I got a call from William.

“$28.6 billion?”

Yooseong is shocked to hear the news.

“It’s a huge amount…”

Eugene was also surprisingly expensive.

‘It’s meant to be taken care of. $1.36 billion?’

Eugene thought that Daeyang had a 17% stake in Freescale.

‘They’re fucking bastards. You’re saying you’ve spent more than 10 billion won in the company’s money to get 1.3 billion won?’

However, in reality, it was a deal that could secure a whopping $2.4 billion in slush funds with a 24% stake.

‘Indeed, they were such guys.’

In fact, it is an acceptable amount.

At the time of the International Monetary Fund (IMF), it is a chaebol group with a history of nearly sinking the Republic of Korea with 30 trillion won in accounting fraud and 100 trillion won in debt.

At the time, through some kind of cooperation with the politicians, he survived without being destroyed by the huge guarantee of the state, and he still exerts a huge influence in Korea.

Eugene knew all too well the greed of the Ryu family.