Private Equity Publications

Risk Management for Private Equity

The latest economic crisis has highlighted the need to improve the Risk Management processes and structures. In that context, there are no “one size fits all” approach or set of general risk factors that can be used. Therefore, Risk Managers and Board of Directors of Management Companies will have to thoroughly understand their exposures and monitor them adequately.


Valuation Services for Private Equity Structures

Market turbulence, credit crisis, and pressure from governing bodies for additional regulation in the alternative investment sector are some important elements which we believe will put an increasing emphasis on the requirement to have a strong and reliable fair valuation process for private equity assets. Going forward, General Partners can expect investors, auditors and regulators to scrutinise their valuation estimation more closely.


Current Outlook on AIFMD for Luxembourg Private Equity Structures

The Alternative Investment Fund Managers Directive ('the AIFMD' or 'the Directive') entered into force on 21 July 2011. Its aim is to provide a harmonised and comprehensive regulatory and supervisory framework within the EU as well as a single EU market for managers of Alternative Investment Funds (AIFs). The ultimate deadline for EU Member States to transpose the Directive into their national law is just 18 months away (22 July 2013).


Private Equity in Luxemburg

PwC Luxemburg ist mit über 2.100 Mitarbeitern der führende Anbieter professioneller Beratungs- und Prüfungsdienstleistungen in Luxemburg und ist in Fragen des Investment Managements und Private Equity ein Kompetenzzentrum innerhalb des europäischen PwC Netzwerks. Unsere Private Equity - Gruppe in Luxemburg verfügt über mehr als 120 Experten in den Bereichen Wirtschaftsprüfung, Steuerberatung, Corporate Finance, Compliance und Advisory. Deren Schwerpunkt liegt in der Erbringung von Serviceleistungen für die größten international operierenden wie auch für neue Unternehmen in der Branche. Dies ist einzigartig in Luxemburg.


Wir können (fast) alles - und auch deutsch

Diese Broschüre wurde in deutscher Sprache verfasst, weil wir damit unsere Geschäftspartner ganz gezielt auf unsere deutschsprachige Beratungskompetenz hinweisen möchten. Wir denken, es macht Sinn, Ihnen zu zeigen, was wir alles können, wer was macht und wer für Sie als Ansprechpartner zur Verfügung steht. Und richtig, wir freuen uns, dass wir Ihnen in diesem Segment so viele Mitarbeiter mit unterschiedlichen Fachkompetenzen vorstellen können.


The place for listing

PwC Luxembourg in collaboration with the Luxembourg Stock Exchange released the “The place for listing Alternative Investment Funds”. This brochure examines three major components of alternative investments, i.e. hedge funds, private equity and venture capital funds and real estate funds, and their benefits to be listed in Luxembourg.


Solutions for private equity firms and service providers

Private Equity is operating in an tough environment caused by

  • fierce competition to raise funds;
  • difficult investment;
  • decrease of fees.

Given the tax pressure and the avalanche of new regulations, the choice of the domicile and the local operational set-up become paramount to ensure the sustainability of your business.


Why Sustainability is essential for Private Equity Houses?

Sustainability has become an essential part of investment strategies as it might impact significantly the performance of portfolio,and, therefore, private equity owners. Private Equity Houses are at the forefront of sustainable issues since Private Equity owners are increasingly concerned with climate change.


Private Equity in Luxembourg

The second edition of the brochure "Private Equity In Luxembourg" aims at providing practical high level information regarding the private equity vehicles in Luxembourg, as well as an overview on the areas that PwC Luxembourg may help to create value on private equity deals and transactions.
It also describes this dynamic industry in Luxembourg, which has established itself as a leading alternative funds centre in private equity and property funds through the development of Luxembourg into a centre for private equity sector. The more recent developments in the financial markets pose new challenges to private equity houses and to all financial players. It appears though that the industry will find its way to adapt to the new reality.


Global Compliance Services - A wealth of services to clear your way

More and more, businesses are operating in a regulatory environment with increasingly complex and risky areas. Lack of compliance with regulatory (e.g. accounting, tax, legal, social, requirements, ...) can expose you to significant risks; not only with the Luxembourg and foreign authorities, but also with current and potential stakeholders (e.g. shareholders, banks, ...).


Business Restructuring Services

Harsh economic climate embedding rapid market changes, new business models, and disruptive technologies may plunge companies into serious financial distress. Disregarding deliberately these elements could impact negatively the corporate survival, leading to a host of problems including underperformance, declining earnings, funding issues and cash flow blockage to name a few.


Liquidation Services for Operational or Holding/Financing Companies

The recent turmoil in financial markets associated with the ongoing search of cost efficiency have led most of the international and local groups active in all sectors (industry, commerce, etc.) or the major players of the Investment market (Private Equity or Real Estate) to reconsider their structures.
Therefore, we can assist rationalising structures and closing down all «non-efficient» or unnecessary vehicles.


New statutory and compliance requirements in Luxembourg: Are you ready for the change?

This flyer contains information about the Implementation of the Standard Chart of Accounts and the draft law 5976.


Luxembourg: Where else? How to re-domicile an offshore fund in Luxembourg in practice?

Thanks to the Circular 02/80 issued by the CSSF in 2002, which set specific rules for Luxembourg alternative investment funds and to the UCITS III Directive, which enlarged the range of eligible assets and strategies for UCITS vehicles, some offshore promoters decided to re-domicile their existing funds to Luxembourg or to launch new fund ranges in Luxembourg. The current fund market turmoil and the new proposed European Directive on Alternative Investment Fund Managers are two additional factors influencing this trend.


Luxembourg: Where else?

Within the pages of this brochure you will have the unique opportunity to learn about a country that is as discreet as it is astonishing. Despite its diminutive proportions in terms of geographical size and population, the Grand Duchy of Luxembourg is recognised as a key marketplace at the very heart of Europe.


Tax Restructuring in the EU

'Tax Restructuring in the EU' provides practical insight and guidance on the European tax aspects of cross-border mergers, divisions and contributions following implementation of the EU Tax Merger Directive.
The directive, which has now been implemented in all 27 EU member states, allows entities to restructure their groups on a cross-border basis within the EU without negative tax consequences – a feature that is clearly crucial in attaining the desired tax and cash benefits of such transactions.


Substance: Aligning international tax planning with today's business realities

Substance: Aligning international tax planning with today's business realities comes at a moment when we are facing the most important global economic challenges in recent history. The current downturn has caused policy makers in various countries to question tax planning by multinational company groups from a mere “morality” perspective, considering the negative consequences for government budgets, which are under ever greater pressure. It is likely that legislation will be passed at various levels, allowing tax authorities around the globe to more effectively challenge tax structures which are perceived as artificial. Tax planning without appropriate economic substance is therefore under big pressure.