January 2010

PE information brief

Welcome to the second edition of the PwC Luxembourg’s PE Information Brief.

Market report
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.

Contents

Interpretive guidelines for private equity regarding the possibility to be excluded from the requirement to prepare consolidated accounts Changes in EVCA/IPEV valuation guidelines - updated Private Equity Valuation Guidelines have been released on September 9, 2009 with immediate effect. Luxembourg - United Arab Emirates (UAE) double tax treaty has entered into force "Paying Taxes 2010 - The global picture" report: Luxembourg ranks first within the EU Chamber of Commerce Contribution New developments on the draft European Directive on Alternative Investment Fund Managers Global increase of pressure from local tax administrations on acquisition and holding structures How are you dealing with the new EU VAT rules applicable since January 1, 2010? Input VAT recovery possible on sales of shares in a subsidiary UK Pre-Budget Report 2009 Obama Green Book and other US tax developments PwC Luxembourg Events

If you would like to read more on the various topics discussed we invite you to read the related Flash News on our internet site.

We hope you enjoyed reading our Private Equity Newsletter, and we look forward to speaking to you in the future.

© 2010 PricewaterhouseCoopers Sàrl. All rights reserved. "PricewaterhouseCoopers" refers to PricewaterhouseCoopers Sàrl or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate legal entity.
General Terms & Conditions Site Provider Email Webmaster RSS