Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 06 January 2013
Investors want less ambiguity in their partnership agreements, leading GPs to nail down precisely what rights and obligations LPs are afforded in the fund.
3 min read · 06 January 2013
UK Defence Secretary Liam Fox has been forced to admit he was aware of a legal battle between a US company and a private equity firm working with his department, although he denies further involvement.
2 min read · 06 January 2013
The industry’s European lobbying arm has welcomed the continent’s proposal for a venture capital marketing passport, saying it would help drive growth in the struggling region.
2 min read · 06 January 2013
Just as Washington DC gears up for another debate on the deficit, the influential investor is once again taking aim at the private equity industry.
2 min read · 06 January 2013
In a controversial case that cast doubts over how the UK would interpret its double tax treaty with the US, Harbourvest boss George Anson failed to convince a UK tribunal he was taxed twice on his US-sourced profits.
2 min read · 06 January 2013
The Arab peninsula has long made it relatively difficult for foreign groups to access its investors, but rumour has it that things will change.
2 min read · 06 January 2013
The EU government’s new oversight powers on fund managers’ compensation has left the industry concerned with how to report carried interest payments.
2 min read · 06 January 2013
In line with its pledge to do more direct private equity deals, the Canadian pension fund will buy ship servicing company V.group in a deal worth $520m.
2 min read · 05 January 2013
Management fees more than triple what GPs earn from performance-based carried interest, according to research exclusive to sister site PEM which could fuel the industry’s debate over private equity fee structures.
6 min read · 05 January 2013
