Private equity: law and practice
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
London
Sweet & Maxwell
2008
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Ausgabe: | 3. ed. |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | Rev. ed. of: Venture capital / Darryl J. Cooke. 1996 -- Includes index. |
Internformat
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100 | 1 | |a Cooke, Darryl |e Verfasser |4 aut | |
245 | 1 | 0 | |a Private equity |b law and practice |c Darryl Cooke and James Dow |
250 | |a 3. ed. | ||
264 | 1 | |a London |b Sweet & Maxwell |c 2008 | |
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
500 | |a Rev. ed. of: Venture capital / Darryl J. Cooke. 1996 -- Includes index. | ||
650 | 4 | |a Recht | |
650 | 4 | |a Private companies |z Great Britain |x Finance | |
650 | 4 | |a Private equity |z Great Britain | |
650 | 4 | |a Venture capital |x Law and legislation |z Great Britain | |
651 | 4 | |a Großbritannien | |
700 | 1 | |a Dow, James |e Sonstige |4 oth | |
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Datensatz im Suchindex
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adam_text | CONTENTS FOREWORD XI PREFACE XIII CONTRIBUTORS XV BUY-OUT MARKET
DEVELOPMENT AND LATEST TRENDS XVII TABLE OF CASES XXXIX TABLE OF
STATUTES XLI TABLE OF STATUTORY INSTRUMENTS XLV 1 THE ROLE OF PRIVATE
EQUITY 1.1 PRIVATE EQUITY EXPLAINED 1 1.2 PRIVATE EQUITY OVERVIEW 1 1.3
RATIONALE FOR USING PRIVATE EQUITY 10 1.4 IMPLICATIONS OF PRIVATE EQUITY
12 1.5 KEY POINTS 15 2 RAISING PRIVATE EQUITY 2.1 INTRODUCTION 17 2.2
MEETING THE INVESTMENT CRITERION 17 2.3 MATCHING THE FUND TO THE
PROPOSITION 24 2.4 THE FUND-RAISING PROCESS 28 2.5 CHOOSING AN
INVESTMENT OFFER 38 2.6 KEY POINTS 39 3 CORPORATE VALUATION AND DEAL
STRUCTURING 3.1 INTRODUCTION 41 3.2 CORPORATE VALUATION 41 3.3 ROLE OF
THE FUNDING INSTRUMENTS 49 3.4 STRUCTURING A PRIVATE EQUITY INVESTMENT
61 3.5 KEY POINTS 68 4 TAX RELIEF FOR EQUITY INVESTMENT BY INDIVIDUALS
4.1 INTRODUCTION 71 4.2 BUSINESS ASSET TAPER RELIEF 71 4.3 TAX RELIEFS
FOR EQUITY INVESTMENT * EIS AND VCT OVERVIEW 72 4.4 QUALIFYING COMPANIES
73 VII CONTENTS 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 ENTERPRISE INVESTMENT
SCHEME EIS DEFERRAL RELIEF VENTURE CAPITAL TRUSTS INTEREST RELIEF
SPECIAL RELIEF FOR CAPITAL LOSSES AGAINST INCOME BUSINESS PROPERTY
RELIEF FOR INHERITANCE TAX PURPOSES MANAGEMENT SHARES KEY POINTS 5 SHARE
CAPITAL 5.1 5.2 5.3 5.4 5.5 5.6 INTRODUCTION MAINTENANCE OF CAPITAL
SHAREHOLDERS TYPES OF SHARES SALE PREFERENCE KEY POINTS 74 75 77 78 79
80 81 82 83 83 98 100 116 117 6 MANAGING THE TRANSACTION 6.1
INTRODUCTION 119 6.2 THE PREPARATORY PHASE 119 6.3 THE OFFER PHASE 120
6.4 TRANSACTION MANAGEMENT 121 6.5 THE COMPLETION PHASE 136 6.6 PRO
FORMA CHECKLIST 137 6.7 KEY POINTS 141 7 MANAGEMENT DUE DILIGENCE 7.1
INTRODUCTION 143 7.2 MANAGING EXPECTATIONS 144 7.3 PROBLEMS 144 7.4
ROUNDED BEST PRACTICE 145 7.5 DEAL STRUCTURES 146 7.6 COVERT
INTELLIGENCE OPERATIONS 146 7.7 LEGAL AND FINANCIAL SEARCHES AND CHECKS
146 7.8 REFERENCING 147 7.9 OUTPUTS 149 7.10 PROFILING AND STRUCTURED
INTERVIEWS 149 7.11 OUTPUTS 150 7.12 EVALUATING THE CHAIRMAN IN
MANAGEMENT DUE DILIGENCE 151 7.13 CONCLUSION 151 8 DUE DILIGENCE 8.1
INTRODUCTION 153 8.2 USE OF DUE DILIGENCE IN PRIVATE EQUITY TRANSACTIONS
154 8.3 TYPES AND MANNER OF DUE DILIGENCE 156 8.4 THE LAWYERS ROLE 157
VIII 8.5 8.6 8.7 8.8 8.9 8.10 8.11 DUE DILIGENCE PROCESS IMPACT OF DUE
DILIGENCE ON WARRANTY CLAIMS: INFINITELAND AND AVISS V ARTISAN
ACCOUNTANCY DUE DILIGENCE LEGAL DUE DILIGENCE SPECIFIC AREAS OF LEGAL
DUE DILIGENCE DUE DILIGENCE IN PUBLIC TO PRIVATE TRANSACTIONS VENDOR
ISSUES ON DUE DILIGENCE 9 INVESTMENT AGREEMENT 9.1 9.2 9.3 9.4 9.5 9.6
9.7 9.8 9.9 9.10 9.11 9.12 INTRODUCTION CONDITIONS MECHANICS OF
INVESTMENT WARRANTIES INVESTOR CONTROLS COMMON ISSUES RAISED BY
MANAGEMENT CORPORATE GOVERNANCE CONTROLS MINORITY PROTECTION SYNDICATION
EXIT ISSUES ARISING ON BUY-OUTS WITHOUT PRIVATE EQUITY CHECKLIST
CONTENTS 158 159 160 163 169 182 182 189 190 195 196 222 231 236 242 246
247 255 258 10 ARTICLES OF ASSOCIATION 10.1 INTRODUCTION 269 10.2
RUSSELL V NORTHERN BANK DEVELOPMENT CORPORATION LTD 270 10.3 MINORITY
SHAREHOLDER PROTECTIONS 275 10.4 SHARE TRANSFER PROVISIONS 277 10.5
INVESTOR DIRECTOR(S) 289 10.6 RATCHETS 291 10.7 MISCELLANEOUS 299 10.8
CHECKLIST 300 11 DIRECTORS AND EMPLOYEES 11.1 INTRODUCTION 305 11.2
DUTIES OF DIRECTORS 306 11.3 SERVICE AGREEMENTS 340 11.4 EMPLOYEE ISSUES
347 11.5 KEY POINTS 365 12 RESTRUCTURING 12.1 THE CONCEPTS 367 12.2
RESTRUCTURINGS AS THEY OCCUR 371 12.3 ITEMS OF PARTICULAR INTEREST 379
IX CONTENTS APPENDIX 1 APPENDIX 2 APPENDIX 3 APPENDIX 4 APPENDIX 5
APPENDIX 6 GLOSSARY MBO MODEL LEGAL AGREEMENTS MANAGER S PERSONAL STATUS
QUESTIONNAIRE COMMON LIMITATIONS TO MANAGEMENT WARRANTIES BVCA
MEMBERSHIP LISTING 395 423 425 433 447 451 INDEX 641
|
adam_txt |
CONTENTS FOREWORD XI PREFACE XIII CONTRIBUTORS XV BUY-OUT MARKET
DEVELOPMENT AND LATEST TRENDS XVII TABLE OF CASES XXXIX TABLE OF
STATUTES XLI TABLE OF STATUTORY INSTRUMENTS XLV 1 THE ROLE OF PRIVATE
EQUITY 1.1 PRIVATE EQUITY EXPLAINED 1 1.2 PRIVATE EQUITY OVERVIEW 1 1.3
RATIONALE FOR USING PRIVATE EQUITY 10 1.4 IMPLICATIONS OF PRIVATE EQUITY
12 1.5 KEY POINTS 15 2 RAISING PRIVATE EQUITY 2.1 INTRODUCTION 17 2.2
MEETING THE INVESTMENT CRITERION 17 2.3 MATCHING THE FUND TO THE
PROPOSITION 24 2.4 THE FUND-RAISING PROCESS 28 2.5 CHOOSING AN
INVESTMENT OFFER 38 2.6 KEY POINTS 39 3 CORPORATE VALUATION AND DEAL
STRUCTURING 3.1 INTRODUCTION 41 3.2 CORPORATE VALUATION 41 3.3 ROLE OF
THE FUNDING INSTRUMENTS 49 3.4 STRUCTURING A PRIVATE EQUITY INVESTMENT
61 3.5 KEY POINTS 68 4 TAX RELIEF FOR EQUITY INVESTMENT BY INDIVIDUALS
4.1 INTRODUCTION 71 4.2 BUSINESS ASSET TAPER RELIEF 71 4.3 TAX RELIEFS
FOR EQUITY INVESTMENT * EIS AND VCT OVERVIEW 72 4.4 QUALIFYING COMPANIES
73 VII CONTENTS 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 ENTERPRISE INVESTMENT
SCHEME EIS DEFERRAL RELIEF VENTURE CAPITAL TRUSTS INTEREST RELIEF
SPECIAL RELIEF FOR CAPITAL LOSSES AGAINST INCOME BUSINESS PROPERTY
RELIEF FOR INHERITANCE TAX PURPOSES MANAGEMENT SHARES KEY POINTS 5 SHARE
CAPITAL 5.1 5.2 5.3 5.4 5.5 5.6 INTRODUCTION MAINTENANCE OF CAPITAL
SHAREHOLDERS TYPES OF SHARES SALE PREFERENCE KEY POINTS 74 75 77 78 79
80 81 82 83 83 98 100 116 117 6 MANAGING THE TRANSACTION 6.1
INTRODUCTION 119 6.2 THE PREPARATORY PHASE 119 6.3 THE OFFER PHASE 120
6.4 TRANSACTION MANAGEMENT 121 6.5 THE COMPLETION PHASE 136 6.6 PRO
FORMA CHECKLIST 137 6.7 KEY POINTS 141 7 MANAGEMENT DUE DILIGENCE 7.1
INTRODUCTION 143 7.2 MANAGING EXPECTATIONS 144 7.3 PROBLEMS 144 7.4
ROUNDED BEST PRACTICE 145 7.5 DEAL STRUCTURES 146 7.6 COVERT
INTELLIGENCE OPERATIONS 146 7.7 LEGAL AND FINANCIAL SEARCHES AND CHECKS
146 7.8 REFERENCING 147 7.9 OUTPUTS 149 7.10 PROFILING AND STRUCTURED
INTERVIEWS 149 7.11 OUTPUTS 150 7.12 EVALUATING THE CHAIRMAN IN
MANAGEMENT DUE DILIGENCE 151 7.13 CONCLUSION 151 8 DUE DILIGENCE 8.1
INTRODUCTION 153 8.2 USE OF DUE DILIGENCE IN PRIVATE EQUITY TRANSACTIONS
154 8.3 TYPES AND MANNER OF DUE DILIGENCE 156 8.4 THE LAWYERS' ROLE 157
VIII 8.5 8.6 8.7 8.8 8.9 8.10 8.11 DUE DILIGENCE PROCESS IMPACT OF DUE
DILIGENCE ON WARRANTY CLAIMS: INFINITELAND AND AVISS V ARTISAN
ACCOUNTANCY DUE DILIGENCE LEGAL DUE DILIGENCE SPECIFIC AREAS OF LEGAL
DUE DILIGENCE DUE DILIGENCE IN PUBLIC TO PRIVATE TRANSACTIONS VENDOR
ISSUES ON DUE DILIGENCE 9 INVESTMENT AGREEMENT 9.1 9.2 9.3 9.4 9.5 9.6
9.7 9.8 9.9 9.10 9.11 9.12 INTRODUCTION CONDITIONS MECHANICS OF
INVESTMENT WARRANTIES INVESTOR CONTROLS COMMON ISSUES RAISED BY
MANAGEMENT CORPORATE GOVERNANCE CONTROLS MINORITY PROTECTION SYNDICATION
EXIT ISSUES ARISING ON BUY-OUTS WITHOUT PRIVATE EQUITY CHECKLIST
CONTENTS 158 159 160 163 169 182 182 189 190 195 196 222 231 236 242 246
247 255 258 10 ARTICLES OF ASSOCIATION 10.1 INTRODUCTION 269 10.2
RUSSELL V NORTHERN BANK DEVELOPMENT CORPORATION LTD 270 10.3 MINORITY
SHAREHOLDER PROTECTIONS 275 10.4 SHARE TRANSFER PROVISIONS 277 10.5
INVESTOR DIRECTOR(S) 289 10.6 RATCHETS 291 10.7 MISCELLANEOUS 299 10.8
CHECKLIST 300 11 DIRECTORS AND EMPLOYEES 11.1 INTRODUCTION 305 11.2
DUTIES OF DIRECTORS 306 11.3 SERVICE AGREEMENTS 340 11.4 EMPLOYEE ISSUES
347 11.5 KEY POINTS 365 12 RESTRUCTURING 12.1 THE CONCEPTS 367 12.2
RESTRUCTURINGS AS THEY OCCUR 371 12.3 ITEMS OF PARTICULAR INTEREST 379
IX CONTENTS APPENDIX 1 APPENDIX 2 APPENDIX 3 APPENDIX 4 APPENDIX 5
APPENDIX 6 GLOSSARY MBO MODEL LEGAL AGREEMENTS MANAGER'S PERSONAL STATUS
QUESTIONNAIRE COMMON LIMITATIONS TO MANAGEMENT WARRANTIES BVCA
MEMBERSHIP LISTING 395 423 425 433 447 451 INDEX 641 |
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author | Cooke, Darryl |
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spelling | Cooke, Darryl Verfasser aut Private equity law and practice Darryl Cooke and James Dow 3. ed. London Sweet & Maxwell 2008 txt rdacontent n rdamedia nc rdacarrier Rev. ed. of: Venture capital / Darryl J. Cooke. 1996 -- Includes index. Recht Private companies Great Britain Finance Private equity Great Britain Venture capital Law and legislation Great Britain Großbritannien Dow, James Sonstige oth SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016328001&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Cooke, Darryl Private equity law and practice Recht Private companies Great Britain Finance Private equity Great Britain Venture capital Law and legislation Great Britain |
title | Private equity law and practice |
title_auth | Private equity law and practice |
title_exact_search | Private equity law and practice |
title_exact_search_txtP | Private equity law and practice |
title_full | Private equity law and practice Darryl Cooke and James Dow |
title_fullStr | Private equity law and practice Darryl Cooke and James Dow |
title_full_unstemmed | Private equity law and practice Darryl Cooke and James Dow |
title_short | Private equity |
title_sort | private equity law and practice |
title_sub | law and practice |
topic | Recht Private companies Great Britain Finance Private equity Great Britain Venture capital Law and legislation Great Britain |
topic_facet | Recht Private companies Great Britain Finance Private equity Great Britain Venture capital Law and legislation Great Britain Großbritannien |
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