Luxembourg Private Equity Services 2012

Fri, 03/08/2012 - 09:42

Luxembourg's position as a centre for private equity funds, transaction structuring and services is poised for a significant boost from the AIFMD and enhancement of the local legal framework

The 'Luxembourg Private Equity Services 2012' special report comprises 4 separate articles listed below, these can be read individually or as a sequence.
Justin Partington, Ipes

Flurry of legislative activity gives new impetus to alternative investment sector

Fri, 03/08/2012 - 09:47

By Simon Gray – A raft of legislative changes, including the transposition of the European Union’s Alternative Investment Fund Managers Directive into Luxembourg law and the establishment of a new legal vehicle equivalent to a common law limited partnership, as well as a new tax treaty with one of its most important markets, promise to give the Grand Duchy a significant boost as a centre for the domicile, third-party administration and back office operations of private equity investment. »

Simon Henin, managing director, Ipes Luxembourg

Legal adaptability provides an international edge

Fri, 03/08/2012 - 09:55

By Simon Henin – These remain difficult times for the private equity industry. Although there are signs that activity is regaining momentum, it remains significantly subdued by comparison with the period before the onset of the financial crisis, especially in terms of fundraising. »

Pascal Hernalsteen, head of private equity & real estate, CACEIS

An attractive jurisdiction for private equity

Fri, 03/08/2012 - 09:59

By Pascal Hernalsteen – Benefiting from a flexible tax and legal environment, but also from a well-educated, multilingual, multinational workforce, and an exceptional concentration of highly skilled service providers and niche experts, the Grand Duchy of Luxembourg has in a few decades become the world’s second largest centre for investment funds, surpassed only by the United States. »

Claude Noesen, Credit Suisse Fund Services

Private equity puts down deeper roots in Luxembourg

Fri, 03/08/2012 - 10:03

By Simon Gray – The global private equity industry remains a long way off the glory days of the mid-2000s. Exiting investments can be problematic, especially through initial public offering markets that have blown hot and cold in the past few years, but mainly cold. The public markets have given little help to portfolio company valuations. High levels of leverage that for a time seemed to help make investments a one-way bet, have subsided. »

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