从1980年到去年年底，所有风险资本基金的终身平均内部回报率为5.5%，而全部收购型公司的内部回报率为14.4%。

The average internal rate of return over the life of all venture capital funds since 1980 until the end of last year was 5.5 per cent, against 14.4 per cent for all buyout firms.

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该交易价值12亿欧元，令美的离全部收购库卡股份更近了一步，这可能会成为最大的一宗中国收购德国公司的案例。

The transaction, worth 1.2 billion euros, or about $1.3 billion, takes Midea a step closer to purchasing all of Kuka, which could be the biggest takeover of a Germany company by a Chinese buyer.

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要想从吉百利事件中吸取深刻的教训是困难的，然而这并不只是因为这次收购的全部影响还未为人所见。

Drawing broader lessons from the Cadbury episode is difficult, however-not least because the full effects of the takeover have not yet been seen.

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