Debevoise & Plimpton | Private Equity Report

From the Editors

The environment for private equity is particularly dynamic at the moment. Geopolitical developments are impacting market access and conditions, while regulatory and policy changes bring new—and sometimes more favorable—compliance requirements. And new vehicles and opportunities emerge to allow capital to be put to use under a range of investment strategies.

This issue of the Private Equity Report explores several recent developments, changes and opportunities relevant to private equity sponsors, investors, partners and managers.

Private Equity and the Insurance Industry: A Close Look at a Natural Partnership

The business model and asset bases of insurance companies make them attractive acquisitions for PE sponsors, although federal and state regulatory requirements require attention.

European Commission Incentivises Insurance Companies to Invest in European Companies

Proposed changes to the Solvency II regulations significantly cut the prudential capital requirements for EU-regulated insurance companies holding long-term investments in European firms.

PE Investing After FIRRMA: Considerations for Sponsors and Investors

Congress has significantly broadened the scope of potential review by the Committee on Foreign Investment in the United States of foreign equity investments, with implications for both sponsors and their foreign investors.

Delaware M&A Appraisal: Where We Stand After DCF, Dell and Aruba

A trio of decisions by the Delaware Supreme Court is likely to reduce appraisal risk in the acquisition of public companies domiciled in that state.

SEC Pares Back Required Content for Exhibit Filings: Takeaways for PE

Amendments to Regulation S-K allow, in certain circumstances, the omission of schedules to exhibits and eliminate formal Confidential Treatment Requests.

Brexit: The European Union Prepares for the Day When the UK Leaves

The UK’s exit date is now October 31—perhaps. Despite considerable uncertainties, preparations continue for the day when the UK becomes a "third country."

Key NAV Takeaways from the Global Fund Finance Symposium

Highlights from a panel discussion addressing the current fundraising climate, asset valuations, and other topics of interest to PE investors considering NAV and hybrid facilities.

The Private Equity Report Editorial Board

This report is a
publication of
Debevoise & Plimpton LLP
www.debevoise.com

EDITORIAL BOARD

Paul S. Bird
Editor-in-Chief

Andrew M. Ahern
Jennifer L. Chu
Rafael Kariyev
Scott B. Selinger
Simon Witney

Alicia E. Lee
Associate Editor