- Intermediate * 6 hours CPD
Private equity houses (or venture capitalists) are making a lot of money and headlines, but what is it and how does it work in the world of the typical corporate lawyer? The course provides a comprehensive overview of private equity funding and its role in MBOs, MBIs, IBOs, BIMBOs, VIMBOs etc. What are the parties' respective interests, how do they meet and how do they conflict?
- What is private equity/venture capital?
- How are buy-outs structured?
- The key documents - investment agreements, articles, loan notes
- What are the parties looking for from the deal?
- The key issues - IRR, ratchets, management control, share rights
- Key tax issues for the management team