News/Regulation
Exponent establishes Ireland presence following regulatory approval
UK-based sponsor cited factors, including new fund manager legislation, as grounds for its new Dublin base
PE ‘roll-ups’ merit Article 22 scrutiny, says Dutch agency head - Keystone Brussels
Martijn Snoep said that small local or regional acquisitions often fall below filing thresholds
Investindustrial sets SBTs for emissions
GP has also committed to achieving net zero greenhouse gas emissions in its funds
Less than half of UK GPs report in detail on ESG impact – survey
Advisory firm BDO reviewed the ESG policies of 100 private equity firms with UK operations
EQT sets science-based emissions targets
GP has set forward-looking targets for greenhouse gas emissions reduction by 2030
Guernsey Finance launches fast-track applications for managers
Scheme aims to allow fund managers with funds not registered in whitelisted jurisdictions to migrate
Guernsey Finance launches green PE principles
Four key principles to mitigate climate change at every investment stage and within GP boards
BVCA proposes £500m early-stage funding facility
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company
UK industry welcomes rescue package, but concerns remain
Package includes £330bn in loans, £20bn in other aid and a postponement of business rates
ILPA mulling Europe-focused legal document Model LPA
Model LPA is designed to reduce complexity, cost and resources required when negotiating fund terms
EC reduces charges for insurers in PE
Insurance companies accounted for just 8% of European private equity fundraising in 2017
UK government intervenes in sale of Better's Northern Aerospace
Better Capital agreed to sell the business to former portfolio company Gardner, now Chinese-owned
New regulations set to spur Swedish state pensions investment in PE
Swedish Ministry of Finance presents a proposal to ease investment restrictions for pension funds
Nordic Capital employees to appeal tax ruling
First step involves seeking leave to appeal the April rulings, which shocked the local industry
EU agrees new rules to foster venture investments
Proposals extend the range of eligible managers, tweak the scope of investments and limit host country fees
EQT to onshore all funds in Luxembourg, ditch UK post-Brexit
Brexit-driven uncertainty has ruled out the UK as a future jurisdiction for EQT funds, COO Casper Callerström tells unquote"
Post-Brexit UK could see increased PE activity
Research finds investors are more positive about the prospects for UK dealflow over EU activity
Apollo pays SEC $53m for misleading investors
Settlement also relates to allegations related to a partner's expenses
Baltic VCAs band together to form regional association
The three Baltic countries’ lobbying organisations have joined forces to promote the industry
French regulator AMF softens pre-marketing rules for local funds
New rules come as part of the Frog project, aimed at extending French funds' international reach
Blackstone’s Murphy succeeds Römer as Invest Europe chair
Blackstone senior managing director Gerry Murphy speaks to unquote" in the wake of his appointment
UK clarifies carried interest taxation rule proposals
unquote" runs the numbers to see how changes may impact the industry
Autumn statement causes carried interest confusion
Carried interest to be taxed as income unless investment is "long term"
Apax et al. launch emission curbing scheme in France
Portfolio companies' carbon footprint to be measured by 2020