After a mixed 2009, private equity in Asia is picking up but sourcing the right deal remains a concern.
After a mixed 2009, private equity in Asia is picking up but sourcing the right deal remains a concern. The public markets continue to provide attractive opportunities for Pipes and take-privates, while pre-IPO investments are growing in popularity, blurring the lines between venture capital and private equity.
But with many houses still looking to exit pre-crisis deals, investment managers need an eye on the capital markets and secondary buyouts. Taiwan is emerging as a strong contender for listings, compared to traditional venues in Asia, but investor demand and liquidity will dictate public offerings. And tax decisions in several jurisdictions could spell trouble for private equity exits.
Regulation is an increasingly hot topic. As the US and EU draw up new rules for funds, Asian funds must understand the impact that this will have on region’s regulatory framework and deal structures.
In China, RMB funds and their associated regulation dominate concerns while, in India, foreign direct investment – as encouraged by the government – is driving activity, although the Vodafone tax dispute continues to overshadow deals.
This one-day IFLR forum will bring together industry experts to examine these and other issues through a series of panel discussions.
On the agenda:
• Consider how regulations, internationally and regionally, will affect private equity in Asia
• Compare the investment options: Pipes, pre-IPO investments and buyouts
• Structuring exits to realise investments
• A look at developments around Asia: the opportunities and challenges of China and India
• The implications of tax changes on the market
Who should attend:
• Private equity houses
• Hedge funds
• Asset managers
• Sovereign wealth funds
• Investment bankers
• Bankers’ counsel
• Law firms
