Law - Regulation

Hard act to follow

Will Rosen of DLA Piper explains what the Companies Act 2006 means for private equity firms and their directors.



All that glitters

Higher bond yields have cut pensions liabilities, making potential targets seem falsely attractive, says Chris Smith of Hewitt Associates.



Bill of wrongs

A Labour MP was the latest to attempt a broadside on the private equity industry. Fortunately, common sense prevailed, write Robert Davies and Simon Sale of Dundas & Wilson.



MERGING EUROPE

It is always worth taking into account competition regulations before embarking on a merger, say Peter Willis and Nadim Meer of Dundas & Wilson.



ROMANIA RULES

Private equity in Romania and emerging Europe is set to benefit from EU financial harmonisation initiatives, says Peter Lewis of Linklaters.



ACTING IN CONCERT

The concept of “acting in concert” is increasingly important for private equity houses whose portfolio companies are involved in takeovers and other corporate activities. We take a closer look at some recent developments relating to the definition and application of “acting in concert” in the UK and Germany.



A NEW SOURCE OF REVENUE

HM Revenue & Customs is reviewing its interpretation of the Income Tax Act after deciding that employees may be benefiting too much from share ownership, say Jessica McMichael and Louise Whitewright



FSA REPORT: OVER TO YOU

The UK private equity industry can breathe a small sigh of relief ...



CLUBBED SENSELESS

The world’s largest buy-out houses are enjoying their halcyon days ...



uk_and_ireland dach mediterranean mediterranean NORDICS CEE FRANCE BENELUX

LATEST ISSUE

Leader

The real PR war begins here The real PR war begins here

Soaring oil prices, plummeting house prices, Northern Rock and knife-wielding teenagers – nowadays, for a private equity investor to make the front pages, he has to be cavorting with rock stars or taking over a provincial building society.

Top Story

The storm moves in The storm moves in

For many, business earnings are holding up and panic has not yet set in. But those that don’t start to prepare for trouble today will find that tomorrow is too late.


Feature

Stefan Hepp: SCM Strategic Capital Management Stefan Hepp: SCM Strategic Capital Management

With more than $6bn in private equity programmes, SCM’s Stefan Hepp is bullish on the mid-market, lukewarm on mezzanine and sees no improvement in European venture.


Comment

Get ready - to wait Get ready - to wait

Hopes for a deluge of western-style private equity deals in China are misconceived and premature.


News Analysis

Coelho’s clean break Coelho’s clean break

The co-founder of Balderton reveals why he thought the time was right to quit the top-performing VC and join clean tech investor Good Energies. 




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