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

Money Games is a book that tells the story of one of the most successful buyout deals ever: the acquisition and turnaround of Korea's largest bank by the American firm Newbridge Capital. It is full of intrigue and suspense and is told by the chief architect of the deal, Weijian Shan. Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea's most beloved financial institutions, and 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, he describes how Newbridge transformed and rebuilt the struggling bank into a shining example of modern banking and a massively profitable investment.

Format: Paperback / softback
Length: 368 pages
Publication date: 01 February 2023
Publisher: John Wiley & Sons Inc

Money Games is a captivating tale that delves into one of the most successful buyout deals in history. The story revolves around the acquisition and turnaround of Korea's largest bank by the American firm Newbridge Capital. This insider's account is presented by the chief architect of the deal, the celebrated author and private equity investor Weijian Shan. With billions of dollars at stake and the nation's economic future hanging in the balance, Newbridge Capital aimed 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 grappling with the aftermath of a humiliating International Monetary Fund bailout during the Asian Financial Crisis, Newbridge Capital faced an uphill battle to secure the deal. The process required immense skill, determination, and patience as the company navigated complex negotiations with the government, bank employees, and powerful industrial titans. Shan takes readers deep into the intricate battle to gain control of the bank, showcasing the delicate balance required to align the goals of Newbridge with those of the government, employees, and the nation's industrial giants.

Throughout the book, Shan provides a detailed and insightful account of the entire process, from the initial negotiations to the final closing. He sheds light on the challenges and complexities involved in such deals, including the intricate financial analysis, legal considerations, and stakeholder management. The author also delves into Newbridge's transformation and rebuilding of the struggling bank into a shining example of modern banking. Through innovative strategies and a commitment to excellence, Newbridge not only revived the bank's fortunes but also turned it into a highly profitable investment.

What sets Money Games apart from other buyout books is its comprehensive coverage of the dealmaking process, as well as the transformation and eventual exit of the investment. The book goes beyond the mere mechanics of closing a deal and delves into the intricacies of managing a business during its turnaround phase. Shan provides valuable insights into the strategies and tactics employed by Newbridge to improve operational efficiency, enhance customer service, and drive growth. He also discusses the challenges faced during the exit process, including negotiating with potential buyers and managing the expectations of stakeholders.

For anyone who has ever wondered how private equity investors strike bargains, turn around businesses, and create immense value, Money Games is a must-read. The book offers valuable insights into the world of private equity, providing a comprehensive understanding of the industry's practices, strategies, and challenges. Whether you are an aspiring entrepreneur, a business professional, or simply someone interested in a captivating story of high-stakes money-making, this book will captivate your attention and inspire you to pursue your own financial goals.

Weight: 612g
Dimension: 229 x 150 x 23 (mm)
ISBN-13: 9781394172573
Edition number: Revised Edition