Lauren Koopman

PE Seen Catching Up on Sustainability, Environment

Corporations have led the way in addressing environmental, social and governance issues, but the private equity community is catching up, says Lauren Koopman, a director in the sustainable business solutions team at the global accounting firm PricewaterhouseCoopers.

peHUBlogger: AxialMarket’s Middle Market M&A Update

Jaime Romero, a VP with AxialMarket, will weigh in at with the occasional post, applying some of the company’s web-based tools and analytics to a network of qualified buyers and sellers of private companies for our audience. On a quarterly basis, the company aggregates network activity to provide transparency into overall middle market M&A and transaction activity.

PwC U.S. Tech M&A Report

PricewaterhouseCoopers has released its quarterly report on technology M&A within the U.S. The lead:

As the first quarter of 2010 ended, the seeds of optimism that began to spread through the technology industry at the end of 2009 appeared to have firmly taken root. Record profits, renewed order backlogs, and a return to hiring pointed to a recovery that prompted industry analysts to revise their 2010 forecasts upward.

New Medicare Taxes Deliver a Blow to PE Funds

Nixon Peabody’s latest report on private equity tax law explores the effects of the new medicare taxes on private equity funds. According to the report, the new healthcare reform law includes a number of revenue-raising provisions that will adversely affect private equity investors and fund managers.

Download it below.

CapDyn Newsletter Bullish on U.S. Venture Returns

In the latest issue of Capital Dynamics’ quarterly newsletter, Spencer Punter, Director of Investment Management, analyzes the performance of the U.S. venture capital market and discusses recent developments in three key growth areas: cleantech, healthcare, and social media. Noting that returns in the U.S. venture capital sector have consistently outperformed major domestic return indices over several investment horizons since 1981 (according to Cambridge Associates U.S. Venture Capital Index), Spencer describes why this sector continues to offer attractive investment opportunities in a turbulent global economy.

Download it below.

Debevoise PE Report: Defense Investing, New Disclosures for IPOs, and Why Your PIK May Lead to Undesirable Taxation

In its latest private equity report, Debevoise & Plimpton addresses taxes on PIK Toggles, defense investing, and IPO disclosures, among many other topics. Here is the editor’s letter; download the entire report below.

After a very long winter, the private equity industry is poised for a period of renewal. Deal activity is clearly on the uptick, the financing markets are showing signs of activity, the IPO market is no longer in the doldrums and asset allocations to private equity are no longer just a memory. The challenges facing the private equity industry are too numerous to list. In this issue, we suggest ways in which to tackle many of them.

Best Practices for Entering China

Baird Capital Partners, the buyout unit of Baird, has authored a brief white paper about the growing complexity of China’s production capabilities and how private businesses and PE firms may harness market-entry opportunities with some best practices. These include the cultural significance of relationship-building, IP issues and determining whether a China strategy even makes sense.

Download it below:

Divestitures and Carve-Outs in the Oil and Gas Industry

A new white paper from Deloitte indicates that O&G divestitures and carve-outs could be on the rise. Several “supermajors” in the industry have announced divestiture plans in order invest in E&P activities. Meanwhile, independent oil and gas companies are looking to exit non-core domestic, international and offshore portfolios to streamline their operations. The same thing is happening in oilfield services companies.

Download the white paper below:

A Critical Theory of Private Equity

A reader sent over this white paper by Lee Harris, an associate professor at the University of Memphis Law School. It looks at the private equity partnership structure, and finds that the inherent agency problems (GP self-interest at the expense of LP interests) is not adequately counteracted by contractual arrangements.

You can download the full paper here, or view it after the jump:

PE Investments Grow Industries – WEF Study

The World Economic Forum released a new study on private equity’s impact on growth, concluding that private equity-backed industries grow more rapidly than other industries. The study looked at total production, value added and employment.

On the Growing Importance of Funds of Funds

This month’s Prequin Private Equity Spotlight focuses on private equity funds of funds and their growth in popularity as both investment vehicles and investors. According to the report, which you can download below: Fund of funds managers have become increasingly significant (as investors in buyout funds), growing from making up 16% of the average fund […]

Asian M&A Is Up, Securitization Is Up

Thomson Reuters’ weekly M&A scorecard is out. This week’s topics:

Asia Pacific M&A activity totals $367.5 billion for year-to-date 2009, an 11% decrease from 2008 levels. Consolidation in the financial, high technology and energy and power sectors accounts for 45% of announced deal volume this year.

The volume of new asset-backed and mortgage backed securities total $498.9 billion for year-to-date 2009, a 3% increase over 2008 levels. After a nearly 85% decline in 2008, the market for securitizations of residential mortgages, credit card receivables and auto receivables has slowly returned aided by US government guarantee programs.

Download the full report below.

Ten “Trends To Watch” in Media and Communications – M/C Venture Partners

Today M/C Venture Partners released its year-end analysis of its two favorite sectors, media (the “M’) and Communications (the “C”). The firm predicts the effect of social networking on wireless handset makers, more competitive local carriers, the effects of power consumption on the infrastructure, voice applications on smartphones, and a few things too wonkish for me to understand but will perhaps entice you comm-opohiles. Read it below:

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