Private Equity: A Transactional Analysis, Fifth Edition

by Chris Hale (Editor)

Overview

This practical fifth edition introduces the world of private equity not just from a UK perspective, but also that of key European jurisdictions and the United States. It explains its rise and recent dynamics, and explores the key ingredients of private equity transactions and the technical issues associated with them. Featuring chapters by leading practitioners, the content includes high-level analysis of private equity fund structures, equity and debt finance, acquisition documentation, due diligence, tax structuring, the leveraged buyout market and public-to-privates. New coverage in this edition includes: • analysis of the fastest growing part of the private equity market – secondary transactions – examining both those led by the investors in private equity funds and those led by those who manage the funds; • discussion of NAV facilities, the way they are structured and their uses; • a chapter on how ESG issues are affecting and being dealt with by private equity fund managers, including an examination of new and prospective regulation in this area; • insight on latest market trends; • examination of the tax risk environment, and newer tax rules; • consideration of the regulatory changes required in the governance of large private companies and transparency; and • consideration of the new UK framework on restructurings. Private Equity is essential reading for legal and other practitioners working or advising in this field, as well as for senior private equity executives, investment houses and investors. Academics in corporate law and business schools, as well as their students, will also find this edition to be of great value.

Product Details

ISBN-13:	9781787429741
Publisher:	Globe Law and Business
Publication date:	08/14/2024
Sold by:	Barnes & Noble
Format:	eBook
Pages:	573
File size:	2 MB

Table of Contents

Introduction 5 Chris Hale Travers Smith LLP The place of private equity in corporate finance and mergers and acquisitions 13 Chris Hale Travers Smith LLP Private equity fund structures 27 Sam Kay Dechert LLP The secondaries market: LP-led secondaries transactions and GP-led liquidity transactions 49 Victoria Bramall Travers Smith LLP Fund finance: NAV facilities 85 Charles Bischoff Adam Burk Danny Peel Laura Smith Travers Smith LLP Structuring private equity transactions: tax and management planning 101 Simon Skinner Travers Smith LLP Equity finance 131 Adam Orr Travers Smith LLP Debt finance 153 Adam Caines Kirstie Hutchinson Jamie Macpherson Macfarlanes LLP Acquisition documentation 201 Ian Keefe Travers Smith LLP Public-to-privates 235 Richard Burrows Alex Edmondson Macfarlanes LLP Due diligence 277 Neil Campbell David J Walker Latham&Watkins Private equity and ESG 325 Simon Witney Travers Smith LLP; London School of Economics and Political Science The importance of governance, transparency and reporting for private equity-owned companies 343 Amy Mahon Simpson Thacher&Bartlett LLP Private equity restructuring 359 James Bell Kirsty Emery Donald Lowe Edward Smith Travers Smith LLP Private equity deals in the United States: separated from the United Kingdom by a common language? 397 David Beller McKenzie Southworth Huw Thomas David J Walker Latham&Watkins Benelux 419 Olaf Baks Gaike Dalenoord Caroline Notté Philippe Remels NautaDutilh France 455 Cyril Courbon Florence Haas Nicolas Laurent Jean-Florent Mandelbaum Samuel Pariente Bredin Prat Germany 483 Georg Christoph Schneider Noerr Partnerschaftsgesellschaft mbB Italy 515 Raimondo Premonte Donato Romano Gianni&Origoni Spain 545 Irene Carreño Uría Fernando de las Cuevas Gómez-Acebo&Pombo About the authors 563 About Globe Law and Business 573