A tumultuous 12 months on from the onset of the credit crunch, we asked 500 of the industry’s biggest hitters to name the most powerful people in European private equity.
Tuesday, 12th August 2008
Law - Equity and Taxation
A hostile environment
Take-privates in the Netherlands have become subject to new rules, which have far-reaching consequences, says Victor de Vlaam of Lovells.
A trick abroad
The expense of continental Europe’s complex tax regulations can be minimised with some advance planning, says Damien Crossley of Macfarlanes.
Mid life: no crisis
If the effects of the credit crunch were ever to trickle down to the mid-market, there could well be a silver lining, says Roger Gregory of Nabarro.
Tales of the expected
It was much anticipated, and not a trifle feared, but the Walker review contained few surprises, says Simon Sale of Dundas & Wilson.
Taper off
Mooted changes to the tax treatment of taper relief on carry could well impact holders of loan notes. But, says Tom Daltry of Eversheds, pre-emptive action can be taken.
Locking the box
Buyout houses are attempting to avoid post-completion haggling on exit through “locked-box” mechanisms, says Bobby Reddy of Latham & Watkins.
A SECURE FUTURE
Trade receivables securitisations offer a low-cost funding alternative to highly leveraged buyouts, say Mark Nicolaides, Gero Schreiber and John-Patrick Sweny of Latham & Watkins.
2007: A TAX RISK
The UK is undoubtedly the leading centre for private equity in Europe, but 2007 looks set to be the year when the government finally clamps down. There are taxing times ahead, says peter Bartram.
LATEST ISSUE
Leader
It’s crunch time
The European private equity community is solemnly marking the first anniversary of the credit crunch this week with an extended summer holiday.
Top Story
20 most Influential
A tumultuous 12 months on from the onset of the credit crunch, we asked 500 of the industry’s biggest hitters to name the most powerful people in European private equity.
Feature
London 2012: the private equity opportunity
As the British public gets behind its athletes in Beijing this month, UK private equity firms are also under starter’s orders. Buyout houses targeting everything from construction and hospitality to recruitment, software and plumbing are preparing to compete for the Olympian opportunities presented by London 2012.
Comment
Will buyout terms protect LPs?
The simple arithmetic of private equity means refinancing concerns go a lot further down the deal spectrum than anyone previously thought.
News Analysis
Parting companies
Partech International Partners, the latest in a string of transatlantic divorces, has reignited the question of whether long-distance relationships can last.
