Regulation
AIFMD: High price for investor security?
The AIFM Directive continues to spark debate amongst industry practitioners, even as it is being implemented across Europe. While the new regulations will lower risk levels for smaller investors, GPs are concerned about a possible cost explosion. Diana...
Buyout firms get to grips with pension risks
Pension liabilities are of increasing concern to buyout practitioners, who need to mitigate risks and ensure they can reach agreement with stakeholders.
Buyout firms get to grips with pension risks
Pension liabilities are of increasing concern to buyout practitioners, who need to mitigate risks and ensure they can reach agreement with stakeholders.
Miliband launches fresh attack on private equity
The private equity industry has once again come under fire from Britainтs politicians, accused of asset stripping by Labour leader Ed Miliband.
unquote" summit: 75% of historical LP base impacted by regulation
Greg Gille reports direct from unquote's 20th anniversary private equity summit in London.
LPs welcome Dodd-Frank but GPs worried
It may be more cumbersome regulation which will see scores of PE firms tightening their compliance regimes over the coming weeks, but a raft of LPs are embracing the introduction of the Dodd-Frank Act. Susannah Birkwood reports
Moulton: Industry mergers to create fewer, larger players
A tumultuous few years as well as increased legislation will lead to the consolidation of the industry into a smaller number of larger buyout houses via mergers. Unquoteтs Kimberly Romaine talks to Jon Moulton, Chairman of Better Capital.
A third of deals in doubt from September
Recent changes to the Takeover Code would have impacted 32% of UK deals since 2005. But if properly considered, P2Ps will still be do-able. Kimberly Romaine reports.
FATCA - An uneven playing field
Despite being an American law which doesnтt come into force until 2013, the Foreign Account Tax Compliance Act must be dealt with immediately by all international GPs which have US portfolio companies. Susannah Birkwood reports
AIFMD – Parallel LP funds and the importance of PR
Susannah Birkwood speaks to HarbourVest's Amanda McCrystal and EVCA's new chairman, Karsten Langer, in Barcelona, about the implications of the AIFMD on the private equity industry.
Private Equity: if it isn't broken...
Speaking in front of a student audience at the London School of Economics on Wednesday, Blackstone president and COO Tony James addressed the potential need for further regulation of the industry. Greg Gille reports
Nordic Capital wins tax case
The tax board has rejected the claims of the tax agency regarding Nordic Capitalтs taxing of profit sharing between 2006 and 2007.
AIFMD passes final vote
The controversial AIFM Directive was adopted in a plenary vote of the European Parliament today.
Swedish PE-firms facing tax investigation
Skatteverket, the Swedish Tax Office, has launched an investigation into the declaration of tax by eight of the largest Swedish private equity firms, according to reports.
AIFM: The end of a long road
With todayтs news that European Parliament negotiators have agreed on the final text of the Alternative Investment Fund Managerтs Directive (AIFM), the private equity industry can look forward to greater certainty about the regulatory environment going...
Legislators agree on final text for AIFM
European legislators have finally agreed on the Alternative Investment Fund Managerтs Directive (AIFM).
Finance ministers agree to AIFM passporting
Finance ministers last night reached an agreement over the shape of the Alternative Investment Fund Managers (AIFM) Directive.
French venture: Retail funds under threat
Franceтs FCPI and FIP funds, two tax-efficient retail vehicles created to promote venture investments, are currently being overhauled by the legislator. While the proposed 2011 budget grants them a new lease of life, a number of changes are bound to leave...
Basel III: Capital requirements and the cost of leverage
The Basel III banking regulations took a major step forward over the weekend when central bankers agreed on the latest set of rules to prevent future financial crises. Higher capital requirements for banks have hit the headlines, but what effect will...
Central banks agree Basel III rules
Central bank governors have agreed new capital requirements for banks as part of Basel III.
AIFMD vote delayed yet again
The vote, initially scheduled for the week of 20 September, is now likely to take place in October, according to a French senior lawmaker.
New compromise suggested on AIFM Directive
As Europeтs politicians return from the summer recess, negotiations over the final shape of the Alternative Investment Fund Managersт (AIFM) Directive have resumed. A revised compromise on the Directive, issued by the new Belgian presidency, will now...
Solvency II criticised for 'inappropriate' stress test
European regulators have come under fire for choosing an тinappropriateт way to measure the stress caused by private equity investments on insurance companies. Research from Partners Group suggests the regulatorтs favoured method of calculating private...
AC Desarollo takes majority stake in Vaughan Systems
AC Desarollo, the private equity investment arm of Ahorro CorporaciУГn, has acquired a controlling stake in Vaughan Systems, a Spanish provider of commercial English language training services.