Publications
& Policy

As the Foreign Direct Investment (FDI) screening landscape across Europe is rapidly evolving, Invest Europe has prepared a country-by-country overview to map different existing regimes and keep-track of latest developments with view to helping members assess how FDI screenings may impact their transactions.

In this response we call the European Commission to introduce changes to its securities markets framework as part of its upcoming review, in particular when it comes to investor protection rules. Our main request is the reconsideration of the treatment of "sophisticated investors", such as HNWIs, which have so far been considered as retail clients under EU law.

With data on more than 1,400 European private equity firms, covering 86% of the €782bn in capital under management in Europe, Invest Europe offers the most comprehensive review of fundraising, investment and divestment trends for European private equity and venture capital activity.

In this letter we express our concerns with some of the disclosure requirements ESMA would like to require from third country investments firms in its technical standards on the provision of investment services and activities in the Union.

In this reply three EU Commissioners agree and comment on the priorities suggested by Invest Europe to help our industry and the companies it supports face the Covid-19 crisis.

We detail in this letter to the European Commission the concerns we have with the exclusion of private-equity and venture capital-backed businesses from the SME category, and subsequently of the ability to receive funding under the national Covid-19 support programmes, on the basis that they are deemed linked to other portfolio companies owned by the fund.

In this letter, we stress that the "undertakings in difficulty" (UIDs) definition in the Global Block Exemption Regulation (GBER) is wrongfully categorizing as in difficulty performing private equity-backed businesses that may as a result get excluded for liquidity support granted to businesses in the context of the Covid-19 crisis.

This guide, covering 19 different jurisdictions, is designed to provide direct insights to Invest Europe members and their portfolio companies on the different support programs available across Europe for businesses in need of liquidity.

Invest Europe joined a wide group of financial industry associations to request a deferral of the DAC 6 application deadline.

European Commission and the EIB have pledged dozens of billions of euros to help Member States and EU financial institutions provide the necessary liquidity to EU businesses while the ECB and the Eurogroup have taken important decisions to maintain the stability of the eurozone.

This Extraordinary Member Policy Call covered the special guidance the IPEV Board has prepared for estimating fair value in light of the the COVID-19 pandemic. 

This letter, shared with Executive Vice-President Vestager and Commissioner Breton, stresses the industry’s concerns about state aid eligibility in some core markets, in particular trying to ensure that industry-backed SMEs are not excluded from any measures that are being put in place by national governments

Cross-border carve-outs are far from straightforward – they are often time-consuming and nearly always involve multiple jurisdictions. The aim of the survey is to analyse the source of value creation and value destruction in these often highly complex transactions.

Invest Europe has written to the European Commission to request a deferral of the DAC 6 application deadline.

This letter, addressed to ESMA and to DG FISMA (European Commission), asks for supervisory flexibility and a deferral of the AIFMD regulatory reporting deadlines, particularly in light issues on valuations.