The 2005 Guide to Private Equity and Venture Capital

  • Editorial

  • Interview

    Upturn continues but concerns ahead British Venture Capital Association chief executive John Mackie tells IFLR about the latest market developments

  • Asia overview

    Why Asian private equity models need review Newbridge Capital's bids over the past few months have fallen far short of success. Kathleen Ng of the Centre for Asia Private Equity Research says the firm’s failed bids highlight fierce deal competition in the Asian private equity market

  • China

    China: new frontier for foreign buyout funds Jonathan Z Zhou of Fangda Partners says China is getting better at accommodating foreign investment. But restrictions remain, and not all foreign money is welcome

  • Finland

    Reforms may open new door for investors Finnish tax and company law reforms could attract more foreign investment to the country. Paulus Hidén and Mikko Alakare outline the changes

  • France

    France holds continental lead for private equity Benjamin Aller and Pierre-Louis Périn of SJ Berwin look at how France’s private equity market has stayed ahead of the game

  • Germany

    Private equity plays bigger role in M&A Private equity is taking a bigger slice of German M&A activity. Andreas von Werder and Markus Paul of Freshfields Bruckhaus Deringer explain

  • Israel

    Q&A: private equity and venture capital in Israel By Barry Levenfeld, Barak S Platt, David Schapiro and Orly Tisoni of Yigal Arnon & Co

  • Luxembourg

    Luxembourg provides a private equity platform Private equity in Luxembourg has received a boost in the form of new legislation that promotes specialist investment vehicles. Marc Feider of Allen & Overy Luxembourg explains

  • Mexico

    Why trusts are often used in Mexico Samuel García-Cuéllar and Jean Michel Enriquez of Creel García-Cuéllar y Müggenburg describe the structure of a shareholders trust in Mexico, and when it would be desirable to have one

  • The Netherlands

    How to form funds in The Netherlands Hans van Ramshorst, Thijs Clement and Onno Boerstra of Van Doorne describe the advantages and main features of the three most commonly used fund structures in The Netherlands

  • Pakistan

    Pakistan revitalizes its capital markets MAK Afridi, Hasnain Naqvee and Neelofar Nawab of Rizvi Isa Afridi & Angell outline the reforms in Pakistan that have attributed to its rapidly growing economy

  • South Africa

    The ins and outs of structuring deals in South Africa David Pinnock and Ryan Butler of Cliffe Dekker discuss the progress of the private equity industry in South Africa, considering issues ranging from black empowerment to exit strategies

  • South Korea

    The foreign investor's options in Korea Jong Koo Park, Gene Soo Jung and Hans Kim outline Korea’s efforts to attract foreign investment over the past few years

  • Taiwan

    Tips for foreign investors in Taiwanese buyouts Robert C Lee, June E Su and Eddie Chan of Yangming Partners discuss some of the issues of share buyouts in Taiwan

  • United Kingdom

    Secondary buyouts firmly established in Europe Secondary buyouts have become an established feature of the European leveraged buyout market. Bruce Hanton of Ashurst discusses the legal and tax issues of this popular exit

  • United Kingdom

    Unlocking property value to finance bids Structuring OpCo/PropCo financings is a delicate balancing act. Simon Johnson of Freshfields Bruckhaus Deringer considers the issues raised by this type of deal from the participants' perspectives

  • United Kingdom

    UK switches on to schemes of arrangement Marco Compagnoni and Malcolm MacDougall of Lovells look at the essential features for a financial sponsor when taking a company private using a scheme of arrangement rather than a conventional bid

  • United Kingdom

    How to include existing shareholders in bids Charles Martin and Graham Gibb of Macfarlanes discuss developments in the UK regulation of public-to-private bids where a private equity bidder wishes to involve existing offeree shareholders in its bidding vehicle

  • United States

    Mezzanine financing: the European and US experiences Peter Hockless and Sung Pak of Debevoise & Plimpton compare the use of mezzanine financing in Europe and the US

  • Vietnam

    Investors show revived interest in private equity After a slump in the 1990s, Vietnam is gaining favour as an investment destination. Joelle Daumas and Katherine Pike of PricewaterhouseCoopers Legal discuss how Vietnam can exploit the potential of this growing interest