The Impact of the Alternative Investment Fund Managers Directive on Private Equity Transactions - Key Issues and Practical Thoughts

October 15, 2013

Much has been written about the impact of the Alternative Investment Fund Managers Directive (the “AIFMD”) on the marketing and management of private equity and other alternative investment funds, but the impact of the AIFMD is much deeper than this – it is also set to have a profound effect on the way in which private equity M&A transactions will need to be structured, and may indeed make it considerably more difficult for certain types of deals to take place. This article focuses on two themes in the AIFMD that should be of particular interest to PE transactional professionals - a new disclosure regime and the so-called “asset stripping” provisions.

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