链男牛经海食多大 高级商务英语阅读 17.The Menlo Park (p.194) It is within Silicon Valley of California,USA where the Benchmark Capital is situated. 18.balance sheet (p.194) A document that shows the totals of money received(credits)and money paid out(debits)by a company and the difference between them.The bank carefully examined the company's balance sheet before deciding to approve the loan. 19.Madison Dearborn Partners (p.194) Madison Dearborn Partners(MDP),based in Chicago,is one of the largest and most experienced private equity investment firms in the United States.MDP's principals manage over $7 billion investment funds raised in the period from 1993 to 2001.MDP focuses on management buyout transactions and other private equity investments across a broad spectrum of industries.Its objective is to invest in companies in partnership with outstanding management teams to achieve significant long-term appreciation in equity value.MDP generally seeks to invest $50 million to $400 million of equity capital in a single transaction and focuses on several specific industry sectors,including basic industries,communications,health care,financial services,middle market. and consumer. 20.equity financing (p.194) Any money invested by owners or by those who purchase stock in a corporation is considered equity funds.Equity financing consists of funds that are invested in exchange for ownership in the company. The fundamental difference between equity financing and debt financing is the concept of what happens to the original investment.Traditionally,a debt investor focuses on providing debt capital, and presumes that the borrower of the debt will serve the debt and interest within a fixed period. Equity,by contrast,is designed to be deployed without the intention of the capital ever actually coming back from its original borrower.Instead,the returns are calculated on a return-on-capital concept.The equity investor intends to match a long-term asset with long-term financing.But the 第10页共12页高级商务英语阅读 17. The Menlo Park (p.194) It is within Silicon Valley of California, USA where the Benchmark Capital is situated. 18. balance sheet (p. 194) A document that shows the totals of money received (credits) and money paid out (debits) by a company and the difference between them. The bank carefully examined the company’s balance sheet before deciding to approve the loan. 19. Madison Dearborn Partners (p.194) Madison Dearborn Partners (MDP), based in Chicago, is one of the largest and most experienced private equity investment firms in the United States. MDP's principals manage over $7 billion investment funds raised in the period from 1993 to 2001. MDP focuses on management buyout transactions and other private equity investments across a broad spectrum of industries. Its objective is to invest in companies in partnership with outstanding management teams to achieve significant long-term appreciation in equity value. MDP generally seeks to invest $50 million to $400 million of equity capital in a single transaction and focuses on several specific industry sectors, including basic industries, communications, health care, financial services, middle market, and consumer. 20. equity financing (p.194) Any money invested by owners or by those who purchase stock in a corporation is considered equity funds. Equity financing consists of funds that are invested in exchange for ownership in the company. The fundamental difference between equity financing and debt financing is the concept of what happens to the original investment. Traditionally, a debt investor focuses on providing debt capital, and presumes that the borrower of the debt will serve the debt and interest within a fixed period. Equity, by contrast, is designed to be deployed without the intention of the capital ever actually coming back from its original borrower. Instead, the returns are calculated on a return-on-capital concept. The equity investor intends to match a long-term asset with long-term financing. But the 第 10 页 共 12 页