Private Equity News
- Private Equity Information Brief - Christmas edition 2011
Welcome to the eighth edition of PwC Luxembourg’s Private Equity Information Brief.2011 has been another interesting and challenging year with increased activity over the whole M&A sector, including Private Equity, and with a lot of those Funds going to the market and going for fundraising. During the first half of the year, we saw the return of leverage in the deal, followed by a surge of activity in the secondary market. However, economic conditions have remained uncertain and markets have been volatile, especially in the second half of the year. Increased regulation has burdened many players who now have to deal with the impact of the wave of new regulatory requirements that both Europe and the US introduced.
December 2011
- Private Equity Information Brief - October 2011
Welcome to the seventh edition of PwC Luxembourg’s Private Equity Information Brief.PwC Luxembourg experienced a substantial increase in PE market activity in 2011 to date. Deal flow, whilst volatile, increased significantly in both deal volume and value, creating stimulus for future fund-raisings. The majority of the deals were buyouts or add-ons, not recaps which dominated the market post-Lehman. Transactions have become more complex and diverse in structure, repatriation, and types of finance used. Luxembourg remains a leading jurisdiction for facilitating the requirements of the PE industry and its diverse stakeholders.
October 2011
- Private Equity Information Brief - June 2011
Welcome to the sixth edition of PwC Luxembourg’s Private Equity Information Brief.So far fundraising has led the agenda in 2011, with a number of successful closings in the first quarter. Deal activity has been varied but overall a positive return to both the number and size of the primary and secondary deal market. We have yet to see an increase in exits via IPOs although a significant number are in the pre phases. The local market has continued to grow with increased M&A activity and more funds being domiciled in Luxembourg..
June 2011
- Private Equity Forum - Upcoming Session, 06 July 2011
If you are interested in the next Private Equity Forum, please click here.
- Private Equity Information Brief - Christmas edition 2010
Welcome to the fifth edition of PwC Luxembourg's Private Equity Information Brief.2010 has been an interesting year with increased activity over the whole M&A sector including Private Equity. During the first half of the year, we saw the return of leverage in the deal, followed by a surge of activity in the secondary market. However, conditions remain tough and markets remain volatile. Increased regulation has been at the top of the list for many who now have to deal with the impact of the numerous new regulatory requirements that have been introduced by both Europe and the US.
We look forward to 2011 with anticipation to the new challenges it will bring and in the meantime we wish you all a very happy festive season and a successful new year.
December 2010
- Private Equity Information Brief - October 2010
Welcome to the fourth edition of PwC Luxembourg's Private Equity Information Brief.The secondary market is currently leading the transaction space with 56% of private equity deals during 2010 having constituted secondary transactions (i.e. buying and selling of pre-existing investor commitments to private equity and other alternative investment funds).
With uncertainty remaining around the primary buyout market, private equity funds seem to be focusing on acquiring private equity investments from each other’s portfolios. This is also a result of funds wanting to realize value in order to be able to attract new investment via future fundraisings. But, fundraising itself appears to be at its lowest compared to the past five years, with many fundraising plans still on hold.
Fund performance itself appears to be recovering with net asset values increasing in 2009 and continuing in 2010. Leverage is back again as a key part of the financing of investments where we see more bond like transactions replacing the previously more typical mezzanine structures.
October 2010
- Flash News: Does your investment vehicle still qualify as fund according to German law?
Foreign investment funds distributed in Germany usually report tax information to German investors under the Investment Tax Act. Although the rules to be respected in this context are complex, it is an established route, meeting investor expectations.
August 2010
- PE information brief - June 2010
Welcome to the third edition of the PwC Luxembourg's PE Information Brief.The trend of increasing volume and quantity of transactions in the Private Equity market is continuing whilst the Private Equity sector moves through a phase of reinvention to adapt to the difficult economic conditions. New models such as; the return to investments in growth capital; adding value to target companies, and change of focus in the valuation methods are some of the recent trends in the industry. Apart from the harsh economic environment, Private Equity faces other challenges stemming on the one hand, from the political pressure and the likelihood of regulation, and, on the other hand, from investors expecting similar return as in previous years, but with lower fees.
June 2010
- PE information brief - January 2010
Welcome to the second edition of the PwC Luxembourg Private Equity newsletter!There has been a clear increase in transactions during the last quarter of 2009 on a global basis and the trend of the previous two quarters remains in that deal size is also increasing. There is a lot of activity in the corporate sector and most notably in the Financial Services industry within Europe. There is an increasing interest in Luxembourg assets as targets for investment. In addition, we are beginning to see signs of leverage transactions again in the market. However, the main challenges of fund raising, limited debt in the market and increased competition for the attractive assets remain.
January 2010
- Flash News: Private equity and consolidation - Interpretative guideline from the Luxembourg Accounting Standards Board ("CNC") [PDF file, 43 Kb]
Version française : « Private equity » et consolidation - Avis de la Commission des normes comptables ("CNC")
Deutsche Fassung: Private Equity und Konsolidierung - Interpretationsrichtlinie des Luxemburger Accounting Standards Board ("CNC")
December 2009
- PE information brief - October 2009
Welcome to the first PwC Luxembourg Private Equity newsletter!PwC Luxembourg is proud to issue this first Private Equity Newsletter, PE information brief. The document is designed to deliver highlights on the current news and market developments impacting the Private Equity industry, with a particular focus on Luxembourg.
October 2009
- Flash News: SICAR Law modernization [PDF file, 29 Kb]
October 2008
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