UK - BVCA launches private equity working group on disclosure

The BVCA today announced that it will form a working group under the chairmanship of Sir David Walker to examine ways in which levels of disclosure in companies backed by the UK private equity industry could be improved. In order to achieve this the BVCA will establish a high level industry working group to produce a voluntary code addressing the transparency of the industry and levels of disclosure. The working group will recognise the very different types of investment and issues relating to different segments of the industry from small start-up financing to large buyouts. It will also take account of the size of the portfolio companies concerned.