Stephen Davidoff has an excellent overview in DealBook of the potential obstacles that US private equity firms should worry about as they increasingly look abroad.
They are:
– Carried interest taxes are higher, especially in Europe
– More regulations to get around
– Worries about rule of law
– Foreign ownership restrictions that require teaming up with local vehicle
– Currency restrictions and the tendency of foreign governments to “to steer the best investments to local heroes.”
– More regulations to get around
– Worries about rule of law
– Foreign ownership restrictions that require teaming up with local vehicle
– Currency restrictions and the tendency of foreign governments to “to steer the best investments to local heroes.”
Do read the whole thing for detail.
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