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๐Ÿ“ˆ ์‹ค์‹œ๊ฐ„์ฐจํŠธ ๋ณด๊ธฐ

"์žฅ๊ธฐ ํˆฌ์ž์ž ํ‰๊ท ๋‹จ๊ฐ€ 37.3K, ๊ฐ•ํ•œ ์ €ํ•ญ ๋ ˆ๋ฒจ"

์‹คํ˜„ ์‹œ๊ฐ€ ์ด์•ก - UTXO ์ƒ์กด ๊ธฐ๊ฐ„ ๋ณ„ ๋ถ„ํฌ (%) ์ง€ํ‘œ๋Š” ๋น„ํŠธ์ฝ”์ธ์„ ์ด๋™ํ•˜์ง€ ์•Š๊ณ  ํ™€๋”ฉํ•œ ๊ธฐ๊ฐ„๋ณ„ ์‹คํ˜„ ์‹œ๊ฐ€์ด์•ก ๋Œ€๋น„ ๋น„์œจ๊ณผ ํ™€๋”๋“ค์˜ ํ‰๊ท ๋‹จ๊ฐ€๋ฅผ ๋‚˜ํƒ€๋‚ธ ์ง€ํ‘œ์ž…๋‹ˆ๋‹ค. ํŠนํžˆ ํ™€๋”๋ณ„ ํ‰๊ท ๋‹จ๊ฐ€๋Š” ํˆฌ์ž์ž๋“ค์˜ ์‹ฌ๋ฆฌ์ ์ธ ์ง€์ง€, ์ €ํ•ญ์œผ๋กœ ์ž‘์šฉ๋  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

๋‹จ, ๊ทธ๋ฃน๋ณ„ ์ค‘์š”๋„๊ฐ€ ์žˆ๊ธฐ ๋•Œ๋ฌธ์— ๋ชจ๋“  ๊ทธ๋ฃน์˜ ํ‰๊ท ๋‹จ๊ฐ€๊ฐ€ ์ค‘์š”ํ•˜๊ธฐ๋ณด๋‹ค๋Š” ์‹คํ˜„ ์‹œ๊ฐ€์ด์•ก ๋น„์œจ์ด ๊ฐ€์žฅ ๋†’์€ ๊ทธ๋ฃน์˜ ํ‰๋‹จ์ด ์ฃผ์š”ํ•œ ์ง€์ง€, ์ €ํ•ญ ์—ญํ• ์„ ํ•  ๊ฐ€๋Šฅ์„ฑ์ด ๋†’์Šต๋‹ˆ๋‹ค.

'20~'21๋…„๋ถ€ํ„ฐ ๋ณด์œ ํ•˜๊ธฐ ์‹œ์ž‘ํ•œ ์žฅ๊ธฐํ™€๋”(LTH, 155์ผ ์ด์ƒ ๋ณด์œ ํ•œ ํ™€๋”)์˜ ์‹คํ˜„ ์‹œ๊ฐ€์ด์•ก๊ณผ ๋น„์œจ์„ ์‚ดํŽด๋ณด๋ฉด 6๊ฐœ์›”~3๋…„ ํ™€๋”๋“ค์˜ ์‹คํ˜„์‹œ๊ฐ€์ด์•ก ๋น„์œจ์€ 60.28%๋ฅผ ์ฐจ์ง€ํ•ฉ๋‹ˆ๋‹ค. (๋‹จ๊ธฐํ™€๋”๋Š” 23.12%)

์•„๋ž˜ ๋ฐ์ดํ„ฐ์˜ ์™ผ์ชฝ์€ ์‹คํ˜„๋œ ๊ฐ€๊ฒฉ์„ ์˜๋ฏธํ•˜๋ฉฐ ์˜ค๋ฅธ์ชฝ์€ ์ด์ž๋ณธ ๋Œ€๋น„ ๋น„์œจ์ž…๋‹ˆ๋‹ค.

๐ŸŸง6๊ฐœ์›”~12๊ฐœ์›”
$18.76k / 8.94%
๐ŸŸฉ12๊ฐœ์›”~18๊ฐœ์›”
$35.48k / 8.94%
๐ŸŸช18๊ฐœ์›”~2๋…„
$50.30k / 13.59%
๐ŸŸฆ2๋…„~3๋…„
$37.66k / 28.81%(์ตœ๋Œ€)

์„ธ ๊ทธ๋ฃน์˜ ๊ฐ€์ค‘์ด๋™ํ‰๊ท ์„ ์ ์šฉํ•œ ๊ฐ’์€ $37.3K์ž…๋‹ˆ๋‹ค. ์ด๋Š” ์ €๋ฒˆ ๋‹ฌ๊ณผ ๋ณ€ํ™”๊ฐ€ ์—†์—ˆ์œผ๋ฉฐ ์žฅ๊ธฐ ํ™€๋”๋“ค์˜ ํ–‰๋™์— ํฐ ๋ณ€ํ™”๊ฐ€ ์—†์—ˆ์Œ์„ ์•Œ ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

[์„ธ๋ถ€๋‚ด์šฉ]
1) 2~3๋…„์˜ ํ™€๋”์˜ ํ‰๊ท ๋‹จ๊ฐ€ $37.6K๊ฐ€ ๊ฐ€์žฅ ๋†’์€ ๋น„์œจ์„ ๋ณด์ด๊ณ  ์žˆ์œผ๋ฉฐ ๊ฐ•ํ•œ ์ €ํ•ญ๊ฐ€๊ฒฉ์ด ๋  ๊ฒƒ์œผ๋กœ ๋ณด์ž…๋‹ˆ๋‹ค.
2) ์ด๋“ค์˜ ํ‰๊ท  ๋‹จ๊ฐ€๋Š” ์•„์ง๋„ ์†์‹ค ์ค‘์— ์žˆ์œผ๋ฏ€๋กœ ๋น„ํŠธ์ฝ”์ธ์„ ๋งค๋„ํ•  ๊ฐ€๋Šฅ์„ฑ์ด ๋‚ฎ์œผ๋ฉฐ ๋งค๋„์••๋ ฅ์ด ์šฐ๋ ค๋˜์ง€๋Š” ์•Š์Šต๋‹ˆ๋‹ค.


๐Ÿฆ ๊ณต์‹ ํฌ๋ฆฝํ† ํ€€ํŠธ ํŠธ์œ„ํ„ฐ(๐Ÿ‡ฐ๐Ÿ‡ทํ•œ๊ตญ์–ด)
โœˆ๏ธ ๊ณต์‹ ํฌ๋ฆฝํ† ํ€€ํŠธ ํ…”๋ ˆ๊ทธ๋žจ(๐Ÿ‡ฐ๐Ÿ‡ทํ•œ๊ตญ์–ด)
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๐Ÿ”— ์›๋ฌธ๋ณด๊ธฐ | ์ €์ž Yonsei_dent

๐Ÿ“ˆ ์‹ค์‹œ๊ฐ„์ฐจํŠธ ๋ณด๊ธฐ

"์žฅ๊ธฐ ํˆฌ์ž์ž ํ‰๊ท ๋‹จ๊ฐ€ 37.3K, ๊ฐ•ํ•œ ์ €ํ•ญ ๋ ˆ๋ฒจ"

์‹คํ˜„ ์‹œ๊ฐ€ ์ด์•ก - UTXO ์ƒ์กด ๊ธฐ๊ฐ„ ๋ณ„ ๋ถ„ํฌ (%) ์ง€ํ‘œ๋Š” ๋น„ํŠธ์ฝ”์ธ์„ ์ด๋™ํ•˜์ง€ ์•Š๊ณ  ํ™€๋”ฉํ•œ ๊ธฐ๊ฐ„๋ณ„ ์‹คํ˜„ ์‹œ๊ฐ€์ด์•ก ๋Œ€๋น„ ๋น„์œจ๊ณผ ํ™€๋”๋“ค์˜ ํ‰๊ท ๋‹จ๊ฐ€๋ฅผ ๋‚˜ํƒ€๋‚ธ ์ง€ํ‘œ์ž…๋‹ˆ๋‹ค. ํŠนํžˆ ํ™€๋”๋ณ„ ํ‰๊ท ๋‹จ๊ฐ€๋Š” ํˆฌ์ž์ž๋“ค์˜ ์‹ฌ๋ฆฌ์ ์ธ ์ง€์ง€, ์ €ํ•ญ์œผ๋กœ ์ž‘์šฉ๋  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

๋‹จ, ๊ทธ๋ฃน๋ณ„ ์ค‘์š”๋„๊ฐ€ ์žˆ๊ธฐ ๋•Œ๋ฌธ์— ๋ชจ๋“  ๊ทธ๋ฃน์˜ ํ‰๊ท ๋‹จ๊ฐ€๊ฐ€ ์ค‘์š”ํ•˜๊ธฐ๋ณด๋‹ค๋Š” ์‹คํ˜„ ์‹œ๊ฐ€์ด์•ก ๋น„์œจ์ด ๊ฐ€์žฅ ๋†’์€ ๊ทธ๋ฃน์˜ ํ‰๋‹จ์ด ์ฃผ์š”ํ•œ ์ง€์ง€, ์ €ํ•ญ ์—ญํ• ์„ ํ•  ๊ฐ€๋Šฅ์„ฑ์ด ๋†’์Šต๋‹ˆ๋‹ค.

'20~'21๋…„๋ถ€ํ„ฐ ๋ณด์œ ํ•˜๊ธฐ ์‹œ์ž‘ํ•œ ์žฅ๊ธฐํ™€๋”(LTH, 155์ผ ์ด์ƒ ๋ณด์œ ํ•œ ํ™€๋”)์˜ ์‹คํ˜„ ์‹œ๊ฐ€์ด์•ก๊ณผ ๋น„์œจ์„ ์‚ดํŽด๋ณด๋ฉด 6๊ฐœ์›”~3๋…„ ํ™€๋”๋“ค์˜ ์‹คํ˜„์‹œ๊ฐ€์ด์•ก ๋น„์œจ์€ 60.28%๋ฅผ ์ฐจ์ง€ํ•ฉ๋‹ˆ๋‹ค. (๋‹จ๊ธฐํ™€๋”๋Š” 23.12%)

์•„๋ž˜ ๋ฐ์ดํ„ฐ์˜ ์™ผ์ชฝ์€ ์‹คํ˜„๋œ ๊ฐ€๊ฒฉ์„ ์˜๋ฏธํ•˜๋ฉฐ ์˜ค๋ฅธ์ชฝ์€ ์ด์ž๋ณธ ๋Œ€๋น„ ๋น„์œจ์ž…๋‹ˆ๋‹ค.

๐ŸŸง6๊ฐœ์›”~12๊ฐœ์›”
$18.76k / 8.94%
๐ŸŸฉ12๊ฐœ์›”~18๊ฐœ์›”
$35.48k / 8.94%
๐ŸŸช18๊ฐœ์›”~2๋…„
$50.30k / 13.59%
๐ŸŸฆ2๋…„~3๋…„
$37.66k / 28.81%(์ตœ๋Œ€)

์„ธ ๊ทธ๋ฃน์˜ ๊ฐ€์ค‘์ด๋™ํ‰๊ท ์„ ์ ์šฉํ•œ ๊ฐ’์€ $37.3K์ž…๋‹ˆ๋‹ค. ์ด๋Š” ์ €๋ฒˆ ๋‹ฌ๊ณผ ๋ณ€ํ™”๊ฐ€ ์—†์—ˆ์œผ๋ฉฐ ์žฅ๊ธฐ ํ™€๋”๋“ค์˜ ํ–‰๋™์— ํฐ ๋ณ€ํ™”๊ฐ€ ์—†์—ˆ์Œ์„ ์•Œ ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

[์„ธ๋ถ€๋‚ด์šฉ]
1) 2~3๋…„์˜ ํ™€๋”์˜ ํ‰๊ท ๋‹จ๊ฐ€ $37.6K๊ฐ€ ๊ฐ€์žฅ ๋†’์€ ๋น„์œจ์„ ๋ณด์ด๊ณ  ์žˆ์œผ๋ฉฐ ๊ฐ•ํ•œ ์ €ํ•ญ๊ฐ€๊ฒฉ์ด ๋  ๊ฒƒ์œผ๋กœ ๋ณด์ž…๋‹ˆ๋‹ค.
2) ์ด๋“ค์˜ ํ‰๊ท  ๋‹จ๊ฐ€๋Š” ์•„์ง๋„ ์†์‹ค ์ค‘์— ์žˆ์œผ๋ฏ€๋กœ ๋น„ํŠธ์ฝ”์ธ์„ ๋งค๋„ํ•  ๊ฐ€๋Šฅ์„ฑ์ด ๋‚ฎ์œผ๋ฉฐ ๋งค๋„์••๋ ฅ์ด ์šฐ๋ ค๋˜์ง€๋Š” ์•Š์Šต๋‹ˆ๋‹ค.


๐Ÿฆ ๊ณต์‹ ํฌ๋ฆฝํ† ํ€€ํŠธ ํŠธ์œ„ํ„ฐ(๐Ÿ‡ฐ๐Ÿ‡ทํ•œ๊ตญ์–ด)
โœˆ๏ธ ๊ณต์‹ ํฌ๋ฆฝํ† ํ€€ํŠธ ํ…”๋ ˆ๊ทธ๋žจ(๐Ÿ‡ฐ๐Ÿ‡ทํ•œ๊ตญ์–ด)

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That strategy is the acquisition of a value-priced company by a growth company. Using the growth company's higher-priced stock for the acquisition can produce outsized revenue and earnings growth. Even better is the use of cash, particularly in a growth period when financial aggressiveness is accepted and even positively viewed.he key public rationale behind this strategy is synergy - the 1+1=3 view. In many cases, synergy does occur and is valuable. However, in other cases, particularly as the strategy gains popularity, it doesn't. Joining two different organizations, workforces and cultures is a challenge. Simply putting two separate organizations together necessarily creates disruptions and conflicts that can undermine both operations.

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