People Moves

Will Section 175 of the UK Companies Act of 2006 materially change the law on private equity directors' conflicts of interest?

Turmoil in the financial markets is making fair value an even bigger burden.

Though FAS 157 only applies to US funds, fair value is still on the minds of GPs abroad. With the Private Equity Industry Guidelines Group's standards, the International Private Equity and Venture Capital Guidelines, and the International Financial Reporting Standards to choose from, GPs in Europe and elsewhere have no shortage of direction. Amanda Janis recently spoke with Steve Darrington, CFO of UK middle market firm Phoenix Equity Partners, on how adopting fair value has impacted his firm.

Three private equity chief financial officers and one valuation expert recently gathered in midtown Manhattan to discuss the impact of FAS 157 on their valuation procedures. Rob Kotecki and Jennifer Harris report on the exchange.

Chantal Thibault 2008-07-01 Staff Writer <bold>CAREER PATH:</bold> After eight years as a corporate and securities lawyer with the Toronto law firm Goodmans Chantal Thibault was ready to focus on private equity. Her work at Goodmans included a broad range of activities beyond private equity, incl

Firm's first office in the region will serve India, and Southeast Asia.

Two decades after it laid the foundations for the private equity secondary market, Paul Capital continues to innovate.

FRONTLINE 2008-07-01 Staff Writer Loughlin Meghji expands NY offices, adds senior staffNew York-based restructuring advisor Loughlin Meghji + Company has announced five senior staff appointments and a move to new, larger offices in New York, which effectively triples the size o

GPs collaborating on deals should pay attention to how other consortium members are valuing the company, since LPs and auditors already are.

Calls for better performance metrics yield few answers.