Private Equity - Ernst & Young - United Kingdom

Limited partners globally agree that private equity remains an attractive asset class, but it will need to address challenges that have emerged in the last two years. "Shifting sands: limited partners' perspectives on the future of private equity" (pdf, 163kb) summarises the views of leading LPs about the future of the PE industry.

How do private equity investors create value?
A study of 2008 European exits

A review of how PE created value in nearly 300 European businesses over the last four years could provide some insight into how the industry can build on its success and also overcome the challenges it now faces. Our latest study shows that these businesses had average annual growth in profits of 15% during PE ownership. Download the report  3.8Mb, September 2009

On 11 June 2009, Ernst & Young held an interactive roundtable discussion on ED 10, the draft IFRS issued by the International Accounting Standards Board (IASB) that will replace the current requirements regarding consolidation.

For a review of the session please click here to hear Lynda Tomkins (Global IFRS Services)  and Andrew Olding  (Private Equity) discuss the insights which came out of the discussion.

For further information, please contact Tricia O'Shea.

Despite an increasing focus on active cash management by many companies, our annual working capital report for 2009 ( , 1.4Mb) found that up to US$1 trillion of liquidity may still be tied up in working capital in 2,000 of the largest companies headquartered in the US and Europe.

Ernst & Young has been awarded ‘Professional Services Firm of the Year’ at the 8th Private Equity Awards. Presented by the British Private Equity and Venture Capital Association (BVCA) and Real Deals, the awards are a highly regarded accolade for the industry's dealmakers and advisors.

Read more.

Amid the economic downturn, the ever present threat of fraud grows stronger. Ernst & Young interviewed over 2,200 respondents in 22 countries at European companies for the third in a series of European fraud surveys. Read how driving anti-fraud efforts now can give an organisation long lasting benefits.

As the private equity industry continues to evolve, so too does the role of finance directors running PE-backed businesses. Ernst & Young’s PE-backed CFO programme addresses the challenging and crucially important CFO agenda.  Our series of events are an opportunity for this community to share experiences, develop practical solutions and network with peers in a candid forum. If you would like any further information about the Spring/Summer series 2009, please contact Tricia O'Shea.