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Private Equity: The Facts

NEWS RELEASE

Contact: Nick Gallehawk + 44 207 559 4802/ngalleha@bna.com

London (August 20, 2007) – The pace and volume of private equity deals are increasing but so too is the controversy. Why is this? Is it an area in crisis or are people passing judgment, with cries of asset stripping and excessive tax breaks, without sufficient facts?

Writing in a new report from BNA International, Wol Kolade, Chairman of The British Private Equity and Venture Capital Association (“BVCA”), defends the industry and highlights some of its key benefits. He points out that “the private equity and venture capital industry is a leader in supporting innovation. It has been central to the funding of many leading companies we know today, including Skype and Cambridge Silicon Radio. It has helped established companies like Fat Face to grow. In doing so it has created jobs and increased sales at a rate which significantly out-performs the public markets, and it has boosted investment and exports at levels well above the national average.

“Its success in growing and building businesses has enabled the industry to provide superior returns for its investors, meaning more for the pensioners, endowment funds and charities who invest in it. All of which has played a significant part in helping the United Kingdom develop and maintain its position at the forefront of the global financial services market”.

Of course the BVCA are aware of the current issues surrounding private equity and realising that the industry has to be more open have “set up an independent, industry working group under the chairmanship of Sir David Walker. The group will seek to draw up a code of conduct for the industry to ensure appropriately high standards of disclosure”, says Wol Kolade.

BNA International’s special report “Private Equity: A Technical Review” has just been published and features commentary from private equity experts in major European countries and the United States.

Notes for Editors:

Wol Kolade’s article has been published in BNA International’s Tax planning International special report “Private Equity: A Technical Review”. The report, written by experts in the field of private equity, includes interesting background and commentary together with technical articles on established PE jurisdictions including: Belgium; France; Germany; Luxembourg; the Netherlands; the U.K.; and the U.S.

Each of the country focus articles follows a similar layout giving you useful reference material. Topics covered include:

• A summary of PE developments in the home country;
  
• Inbound investments including funding, co-investments, structuring/exit, participation or credit, sweet equity;
  
• Outbound investments; including funding issues, co-investments, structuring/exit: sweet equity;
  
• Private Equity and IFRS including specific rules for private equity, IFRS and tax rules.

Available in print or PDF.
Priced individually: £125/$215/€185
Special report series subscription price: £995/$1695/1395
To order your copy: E-mail marketing@bnai.com or visit www.bnai.com/special reports
Please confirm preferred format. Prepayment is required before shipment.

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About BNA International

BNA International's services help companies and their advisers operate successfully in global business, providing accurate news and analysis of worldwide legal developments in areas including international tax, IP & Communications and Business & Finance. It is the London-based subsidiary of BNA (www.bna.com ), the largest independent U.S. publisher of news and information for professionals in business, law, tax, and government.