Private Equity
Despite a number of disruptive events in 2016, or perhaps because of them, private equity funds remain the favoured access point for institutional investors looking for a return from their private investments. For this reason, the fundraising environment has arguably never been better for general partners. But how does a GP stand out from the pack in a crowded market in 2017? In a PE Hub Canada feature article, Osler, Hoskin & Harcourt LLP Partner Mary Abbott offers 10 useful tips to PE fundraisers.
6 min read · 28 March 2017
Advent International became a news-maker in 2016. Not because of its successful US$13-billion fundraising, but because the venerable firm’s latest fund was oversubscribed at a reported US$20 billion despite not featuring what has been to date a mainstay of private equity funds: the “hurdle” or “preferred return”. In an exclusive PE Hub Canada feature article, Mary Abbott, a partner at Osler, Hoskin & Harcourt LLP, asks: is this the start of a trend?
5 min read · 23 March 2017
3 min read · 06 March 2017
7 min read · 30 January 2017
The OECD recently released a discussion draft entitled the “BEPS Action 6 Discussion Draft on non-CIV examples” to clarify when investors like private equity funds should be entitled to tax treaty benefits. In a PE Hub Canada feature article, Osler, Hoskin & Harcourt LLP Partners Patrick Marley and Matias Milet argue the document does little to dispel uncertainty about the application of rules governing transactions involving PE investors. This, they say, may adversely impact cross-border investment.
5 min read · 24 January 2017
Torys LLP this week released its much-anticipated overview of Canadian private equity market trends in 2017. In an exclusive PE Hub Canada feature article, Torys Partners Cameron Koziskie and Michael Akkawi and Counsel Sophia Tolias discuss what's ahead in the context of 2016's slower deal-making. They also highlight factors expected to shape the 2017 market, including the rise of a new class of financial investor and the steps being taken by many PE firms to address competition, deal flow and pricing issues.
5 min read · 16 January 2017
Proposed guidelines on leveraged transactions may increase restrictions on banks and present greater opportunities for private debt funds.<br />
2 min read · 12 January 2017
Amandeep Sandhu, chair of the India practice group at law firm McMillan, and Ravipal Bains, an associate, look at the reasons the sub-continent is so attractive.
3 min read · 04 January 2017
Side letters have long been in use in the private equity market, helping to interpret, supplement, modify and establish the terms contained in fund agreements and related documents. But while side letters are negotiated and entered into with increasing frequency, their enforceability and the preferential terms contained in them cannot be taken for granted, write Torys LLP Associates Emma Brady and Sarah Carter in an exclusive PE Hub Canada feature article. Brady and Carter cite as evidence a recent case involving investors in Facebook's IPO.
5 min read · 20 December 2016
Institutional investors are increasingly looking for direct deal opportunities. For private equity firms, what does it mean when your investor client becomes your competitor? According to Osler, Hoskin & Harcourt Partners Mary Abbott and John Groenewegen, it means allowing co-investment rights (and accompanying lower fees) in the hope that large limited partners will decide not to invest directly but rather be alongside the fund as a co-investor.
5 min read · 07 December 2016
