March 2015

An update on PE&VC in Luxembourg
Newsletter #18 | March 10th 2015
RECENT PUBLICATIONS
LPEA invites you to its Breakfast Conference on "Luxembourg
Transfer Pricing rules and their practical implications"
delivered by Philippe Neefs. Join us March 19th from 8:30 to 10:00.
REGISTER
LPEA: From an Idea to a Reference
Capital V #5 (February
2015)
by Jérôme Wittamer, President of LPEA
"LPEA is now in a strong position to defend and
support the growth of its industry. Over the
course of 2014, the association’s members
conducted a strategy exercise with this in mind,
which the association is now executing. Here is
an overview of the key items the strategy
implies."
LPEA Roadshow in Zurich
The Luxembourg Private Equity Cluster: a well-oiled
machinery of different competencies.
Private Equity in
Luxembourg (2014 ed.)
LPEA visited Zurich last week to present Luxembourg's private
equity industry and to showcase how professionals in both
Switzerland and Luxembourg are exploring the features of both
countries. Service providers and investors such as Mangrove
Capital Partners, Breega Capital, Constellation Capital and
ResponsAbility Investments discussed operating models, the
Limited Partnership Regime, AIFMD, EuVECA and the advantages
of doing business in Luxembourg.
Limited Partnership in
Luxembourg
» UPCOMING ROADSHOWS
London, April 21st
Stockholm, May 4th
New York, June
Promoting Luxembourg at Super Return
International
March 18-19
Investors' Forum
The only event in Europe that
delivers a one-to-one ratio of
LPs and GPs with limited
participation by intermediaries.
Geneva
Photo: Susanne Weismueller (ALFI) and Luis Galveias (LPEA)
Luxembourg was present at Super Return International 2015 in
Berlin with a sizable delegation of participants and exhibitors.
LPEA, together with ALFI, promoted Luxembourg's alternative
investments industry with a joint booth.
By the end of the event,
LPEA and ALFI drew the
lucky winner of an iPad mini
which was awarded to a
Paris-based participant.
How to start a start-up
March 18
#1 - Why to start a start-up?
Ideas & Products
With the participation of LPEA
President Jérôme Wittamer
March 25
#2 - Why to start a start-up?
Team & Execution
Guest article
April 1
#3 - Why to start a start-up?
Before starting
by Olivier Jordant, Member of LPEA
IFRS: Now the rules are in place for Private
Equity
«The introduction of the investment entity
exception to consolidation is a key achievement
to reconcile IFRS and Private Equity. It is the
recognition by the IASB that the key driver for
Private Equity is the fair value measurement.»
[continue reading]
March 19
LPEA Breakfast on Transfer
Pricing: A way forward with
the new Luxembourg
Transfer Pricing rules and
their practical implications
by Philippe Neefs
Luxembourg
Members' News
PwC : Transparence du monde financier : la quête du Graal
s’appelle MiFID
«MiFID 2, votée en 2014 mais d’application en 2017, a pour objectif
de lever le voile sur les zones restées opaques. Cette révision
s’applique à tous les instruments financiers. C’est donc toute la
chaîne de valeur que la directive va révolutionner : palette de
services, conception et commercialisation des produits.»
SGG opens Dubai office
«The Middle East is very important to SGG as a number of our key
clients come from this region and a growing number of our global
clients are opening operations in Dubai.»
CBP Quilvest vent en poupe (PaperJam)
«Dans le cadre de sa stratégie d’expansion internationale, la
banque privée luxembourgeoise a ouvert une succursale à Gand.
L’objectif est de capter une nouvelle clientèle, dans une Région
flamande à fort potentiel. Au Luxembourg, CBP Quilvest reste sur
une année 2014 record et envisage l’avenir avec sérénité.»
Veritas entre dans le giron de Luxempart (PaperJam)
«Entreprise familiale du secteur de la mode depuis 1892, le Belge
Veritas a ouvert son capital à l’investisseur belgo-luxembourgeois
Indufin pour pérenniser sa croissance.»
Market News & Insights
March 19
Private Banker Luxembourg
350 Key decision makers of the
financial sector are expected
for the sixth edition.
Luxembourg
(free for certain categories of
participants)
April 10
Swiss Private Equity
Conference
The organizing team will bring
together 50 speakers and 300
attendees from the most
significant PE players of the
Swiss and European Industry,
Dolder Grand Hotel, Zurich,
Switzerland
Special 30% discount to
LPEA Members.
LUXEMBOURG



Une place pour chaque spécialiste (PaperJam)
Une agence de com' pour la finance luxembourgeoise
(Marketers)
Luxembourg is the 4th most liveable location for
Europeans (LFF)
EUROPEAN COMMISSION

Call for contributions to the Green Paper: Building a
Capital Markets Union (deadline: 13/05/2015)
April 21
LPEA Roadshow in London
SAVE THE DATE
In partnership with ALFI and
with the presence of H.E. the
Finance Minister Pierre
Gramegna.
INTERNATIONAL

European Private Equity Outlook 2015 (Roland Berger)
May 4
LPEA Roadshow in



Venture capitalist testifies in Silicon Valley sex-bias suit
(Yahoo Tech)
Why private equity has venture capital envy (FT)
2015 Global Food & Agriculture Investment Outlook:
Institutional investors meet farmers (Valoral Advisors)
Stockholm
In partnership with
Luxembourg For Finance and
with the presence of H.E. the
Finance Minister Pierre
Gramegna.
Follow LPEA on Social Media
Visit us in www.lpea.lu and follow LPEA's information flow and
community activity on Twitter and LinkedIn.
-----------------------Sincerely,
Paul Junck, Managing Director of LPEA
May 29
UK Private Equity
Conference
This one-day event will bring
together 50+ speakers, 300+
top tier players including 80+
LPs, 80+ GPs & PE funds and
+60 high growth potential
companies.
London
Special 30% discount to
LPEA Members.
About LPEA
The Luxembourg Private Equity and Venture Capital Association
(LPEA) is a member-based, non-profit trade association established in
2010. LPEA represents, promotes and protects the interests of the
Luxembourg private equity and venture capital industry.
LPEA's role includes representing the interests of the industry to
regulators and standard setters; developing professional standards;
providing industry research; professional development and forums,
facilitating interaction between its members and key industry
participants including institutional investors, entrepreneurs,
policymakers and academics.
LPEA's activities cover the whole range of private equity, from venture
capital (seed, start-up and development capital), to buyouts and buyins.
Copyright © 2015 LPEA, All rights reserved.
June 29 - July 2
SuperReturn Emerging
Markets 2015
Meet 300 international private
equity attendees, including
120+ LPs in Amsterdam.
Special 20% discount to
LPEA Members.