Amid geopolitical volatility and economic uncertainty, Dechert partnered with our private equity and private capital clients to devise innovative strategies for capital raising and deployment.
Dechert celebrated 40 years...more
In our OnPoints dated 20 May and 7 August 2020, we explained the requirements that the French regulator (Autorité des Marchés Financiers (“AMF”)) has imposed on asset managers through the publication of...more
1/29/2025
/ Compliance ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Greenwashing ,
Investment ,
Investment Funds ,
Investors ,
Regulatory Requirements ,
SFDR ,
Sustainable Finance ,
UCITS
59% of global respondents are currently using asset-backed securities (ABS) and other structured products.
PE firms are using various debt instruments, with Asia-Pacific firms favoring ABS and senior debt, EMEA firms...more
Following a significant increase in transactions during Q3 2024, optimism is growing for an even stronger year ahead. Our co-published annual report explores growth opportunities and emerging trends that are essential to...more
31% of North American respondents believe that the Republican victory in November’s U.S. presidential election has the potential to boost portfolios, particularly for North American firms.
Donald Trump’s victory in...more
11/12/2024
/ Asia Pacific ,
Clean Energy ,
Climate Change ,
EMEA ,
Energy Sector ,
Federal Reserve ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Investment ,
Investment Portfolios ,
Presidential Elections ,
Private Equity Firms ,
Real Estate Development
60% of respondents globally now offer a co-investment program; in North America, 73% of firms offer co-investments.
Research reveals that co-investments are a popular strategy for firms, particularly those in North...more
93% of respondents are at least somewhat likely to consider take-private deals in the next 12 months, but compared to last year those who responded “very likely” dropped significantly from 80% to 44% – perhaps due to the...more
82% of respondents expect secondaries activity levels to remain buoyant or increase in the next two years following 4x growth in the past five years.
The slowdown in exits and fundraisings seen over the last year is...more
66% of PE firms globally expect increased scrutiny from antitrust, FDI and other regulatory authorities to have a negative impact on their dealmaking plans over the next 12 months.
Rising regulatory scrutiny continues to...more
11/12/2024
/ Antitrust Division ,
Antitrust Provisions ,
Asia Pacific ,
Competition ,
Department of Justice (DOJ) ,
EMEA ,
EU ,
Federal Trade Commission (FTC) ,
Healthcare ,
Mergers ,
New Amendments ,
Private Equity Firms ,
Technology Sector
34% of global respondents are exploring GP-stake divestitures in the next two years.
The slowdown in exits and fundraisings has led PE firms to explore new liquidity routes, with GP-led secondaries and GP stakes becoming...more
The French Ordinance no. 2024-662 dated July 3, 2024, on the modernization of the regime governing alternative investment funds (the Ordinance) represents a major step forward. This has been long called in the Paris...more
L’ordonnance n°2024-662 du 3 juillet 2024 portant modernisation du régime des fonds d'investissement alternatifs (l’ « Ordonnance ») constitue une avancée majeure, longtemps réclamée par les acteurs de la place de Paris, en...more
Introduction -
The “Projet de loi relatif à l’industrie verte” (green and sustainable industry draft law, hereinafter the “Bill”) was approved on 17 May 2023 by the French “Conseil des Ministres”, a weekly meeting of...more
AMF: Articles 8 and 9 SFDR should set minimum environmental standards for financial products -
On 10 February 2023 the French regulator (Autorité des Marchés Financiers (“AMF”)) published its proposals as to changes it...more
Methodology -
At the beginning of the third quarter of 2022, Mergermarket, on behalf of Dechert LLP, surveyed 100 senior-level executives at private equity (PE) firms based in North America (45%), Europe, the Middle East...more
11/29/2022
/ Capital Raising ,
Carve Out Provisions ,
CFIUS ,
China ,
Coronavirus/COVID-19 ,
Diversity and Inclusion Standards (D&I) ,
EBITDA ,
EMEA ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
EU ,
European Central Bank ,
Foreign Direct Investment ,
Fund Managers ,
Geopolitical Risks ,
Global Market ,
Hart-Scott-Rodino Act ,
Interest Rates ,
Internal Rate of Return (IRR) ,
Liquidity ,
OECD ,
Private Equity ,
Private Equity Firms ,
Russia ,
Special Purpose Acquisition Companies (SPACs) ,
Supply Chain ,
Technology Sector ,
Ukraine ,
Valuation
French Financial Markets Authority, Enforcement Committee (Commission des sanctions), Decision No. 4 dated 26 April 2022 (SAN-2022-05)
The Enforcement Committee of the French Financial Markets Authority (Autorité des...more
A draft EU Council directive, known as ATAD 3, was issued by the European Commission as a proposal at the end of last year. The directive is aimed at countering the misuse of 'shell' entities and could impose adverse tax and...more
France has now introduced a new restructuring tool following the enactment of Ordinance 2021- 1193 (the “Ordinance”), which incorporates the Directive (EU) 2019/1023 on preventive restructuring frameworks (the “Directive”)...more
11/12/2021
/ Absolute Priority Rule ,
Commercial Bankruptcy ,
Cramdown ,
Creditors ,
Debtors ,
EU ,
Financial Distress ,
Financial Solvency ,
France ,
Insolvency ,
Restructuring
Dechert partnered with Getting the Deal Through and Law Business Research on their annual Market Intelligence Private Equity Guide. The 2020 Guide invites leading practitioners to reflect on evolving legal and regulatory...more
The Autorité des Marchés Financiers (AMF) on 11 March 2020 published a doctrine (Position/Recommendation DOC-2020-03) imposing obligations on asset managers with the aim of ensuring that information they provide to investors...more
8/8/2020
/ AIFs ,
AMF ,
AMF Doctrine ,
Communication Restrictions ,
Environmental Social & Governance (ESG) ,
France ,
Investment Funds ,
Management Companies ,
New Rules ,
Shareholders ,
UCITS
In our OnPoint dated 20 May 2020, we explained the new requirements that the French regulator (Autorité des Marchés Financiers (“AMF”)) has imposed on asset managers with the aim of ensuring that information they provide to...more
7/27/2020
/ AIFMD Passport ,
AIFs ,
AMF ,
Asset Management ,
Environmental Social & Governance (ESG) ,
France ,
Marketing ,
New Rules ,
Retail Investors ,
SFDR ,
Sustainable Finance ,
UCITS
Political Agreement -
Following the recent European Commission proposal to postpone the initial reporting deadlines for “DAC6” by three months, EU Commission proposes extension of the DAC6 reporting deadlines, a political...more
AMF Doctrine relating to sustainable finance and investor information in the collective management industry -
In this OnPoint, we report on new measures required by the French regulator (Autorité des Marchés Financiers...more
On Friday 8 May 2020, the European Commission announced a proposal to postpone by three months the initial reporting deadlines for “DAC6”, the incoming mandatory disclosure regime for potentially aggressive tax arrangements....more
5/15/2020
/ Coronavirus/COVID-19 ,
Cross-Border Transactions ,
Deferred Action ,
EU ,
European Commission ,
Filing Deadlines ,
Financial Institutions ,
Mandatory Disclosure Rules ,
Member State ,
Reporting Requirements ,
Time Extensions ,
UK
Below please find a list of global tax measures in response to COVID-19.
United States -
On March 25 and March 27 the U.S. Senate and House of Representatives, respectively, passed the Coronavirus Aid, Relief and...more