Europe’s private equity industry has submitted a 300-page document to the European Parliament to begin a debate on industry regulation without ‘political colour’. An enforced code of conduct has become a necessary step, according to EVCA secretary general Javier Echarri.
A study released today has found private equity-controlled firms are 2% more productive and have 72% more effective management than their government, family or privately owned equivalents. Harvard Business School professor Josh Lerner also said that private equity-backed firms ‘come out on top’ during recessions.
Contestant: Susan Mangiero, Managing member, Business Valuation Analytics Member, National Association of Certified Valuation Analysts Not being too familiar with derivative instrument pricing and default risk analysis, a company hires an expert to investigate whether the swaps reflect a hedge versus a market bet and to further assess how the company should adjust the valuation of its equity stake. What does the expert need to look at and how should she arrive at an appropriate conclusion?
Godfrey Davies, Chief Financial Officer, CDC Group, London
In the second in a two-part series on debt buybacks, Steven Bortnick, Bradley Boericke and Timothy Leska explore the tax implications of structuring a debt purchase. In our January issue, they examined the legal implications.
Before expanding into China, private equity firms need to know how to structure funds and investments efficiently from a tax perspective. By John Forry of Eisner and Steve Bortnick of Pepper Hamilton.
In response to critics of the private equity industry's "excessive" renumeration, some jurisdictions around Europe have changed their taxation of carried interest income. This article is an expanded version of an article published in the November issue of PEI Manager. By Darren Docker, Gijs Fibbe and Christian Koedam of PricewaterhouseCoopers
While managers should be cautious of Barack Obama's proposed tax changes, they shouldn't rush to restructure their partnerships.
Lily Wong; Partner and US General Counsel/Chief Compliance Officer; Pantheon Ventures; San Francisco, California
Lombard Investments went from a US middle market firm to a Southeast Asian specialist - and is banking on the region's resilience.