Law - Regulation

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 ...



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LATEST ISSUE

Leader

The sins of the parent The sins of the parent

It is not often that the UK chief of a mid-market private equity house ups and leaves in the midst of an ignominious deal collapse. So when European Capital co-founder Simon Henderson walked away from the firm he helped create last week, the news was greeted with shock.

Top Story

The direct approach The direct approach

As conventional exit options dry up, direct secondaries transactions are beginning to hit GPs’ radars. Will the economic slowdown bring them into the mainstream?


Feature

An interview with Doug Miller An interview with Doug Miller

The outgoing EVPA chairman talks about private equity’s cynics, the evolution of venture philanthropy, and why investors should not hide their charitable activities.


Comment

Full stream ahead Full stream ahead

European GPs are increasingly adopting the US’s deal-by-deal approach to waterfall distribution. But it’s not all smooth sailing, says Stephen Sims of Macfarlanes.


News Analysis

Wellington partners: ready for battle Wellington partners: ready for battle

Exceeding its fundraising target was the easy part. Now for the US-style returns.




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