The opco/propco deal structure that allowed private equity firms to rake in debt at the top of the market now stands condemned.
Tuesday, 9th December 2008
Law - Debt
Less taxing deals
“Debt pushdown” maximises the return to investors on acquisitions. Damien Crossley of Macfarlanes explains how it works for UK and foreign businesses.
Just in time
Proposed US reforms may help equity finance, as debt becomes harder to raise, say Kristian Wiggert (pictures) and Stephanie Wingader of Morrison & Foerster.
DAMIEN CROSSLEY
From 1 April, rules applying to shareholder debt may increase tax costs in private equity investments. Damien Crossley explains how best to deal with the changes.
LATEST ISSUE
Leader
The experience gap
If there were such a thing as an average private equity investor, he would be white, male, an accountant by training and would probably have just hit the big “5-0”.
Top Story
Demolition Job
The opco/propco deal structure that allowed private equity firms to rake in debt at the top of the market now stands condemned.
Feature
Mikan van Zanten, Robeco Private Equity
Robeco Private Equity’s partner on backing cleantech early, sustainable investment and the
prospect of consolidation in the private equity industry.
Comment
DPI and deep trouble
A study of the DPI multiple since 1996 makes for grim reading, leaving LPs with some tough choices as their invested capital comes back more slowly.
News Analysis
Efficiency begins at home
The global focus on energy efficiency has led to some innovative devices being made for home use, with several venture-backed technologies leading the way.
