Money Games
PAG, a major private equity firm, is led by Weijian Shan as Chairman and CEO. Previously, he was a partner at TPG and co-managing partner of TPG-Asia (previously known as Newbridge Capital), a managing director at JP Morgan, and a Wharton School professor. He received his MA and PhD from the University of California, Berkeley, as well as his MBA from the University of San Francisco. He is the bestselling author of the memoir Out of the Gobi: My Story of China and America.
Money Games by Weijian Shan is the compelling story of one of the most successful buyout deals in history: the American firm Newbridge Capital's acquisition and turnaround of what was formerly Korea's largest bank.
This insider's narrative, full of mystery and suspense, is told by the deal's principal architect, acclaimed author and private equity investor Weijian Shan. With billions of dollars on the line and the country's economic future at stake, Newbridge Capital aimed to become the first foreign corporation in history to acquire control of one of Korea's most beloved financial institutions.
In a proud country still recovering from a humiliating IMF bailout during the Asian Financial Crisis, Newbridge Capital needed every ounce of talent, determination, and patience to bring the acquisition to completion.
Shan takes readers inside the battle for control of the bank, a complex, often infuriating process that involved balancing Newbridge's interests with those of the government, bank employees, and Korea's powerful industrial titans.
Finally, the author describes how Newbridge converted the faltering bank into a brilliant example of modern banking—as well as a highly profitable venture. Few buyouts have been written about with such clarity, precision, and insight in the private equity world—and none with such thoroughness, covering not only the dealmaking but also the change and final exit of the investment.
Money Games is a must-read for everyone who has ever pondered how private equity investors find bargains, turn around businesses, and generate enormous value—or anybody interested in a compelling story of high-stakes money-making. It is regarded as one of the best books on banking.
Author: Weijian Shan
Link to buy: https://www.amazon.com/Money-Games-Inside-American-Dealmakers/dp/1119736986/
Ratings: 4.7 out of 5 stars (from 77 reviews)
Best Sellers Rank: #121,175 in Books
#14 in Banking (Books)
#18 in International Business (Books)
#42 in Private Equity (Books)
