Co-investing in private equity is a global trend
David Kilshaw, Partner at Ernst & Young LLP, comments on the rise of families co-investing in private equity.
What is your advice to families considering co-investing in a private equity deal?
The clients must make sure they undertake full and proper due diligence and full arms length enquiry.
What can go wrong?
A failure to look beneath the surface and failure to make full enquiry. It is important to ensure all parties have the same investment objectives and timelines.
Is this a trend that you have seen a rise in?
Yes, and I see more co-investment between families as well.
If so, what type of private equity investments are UHNW or families in business interested investing in?
Life sciences is a popular area but the main driver is the experience of the family.
Is it mainly Chinese and Russian family offices?
No, we have seen this being a global trend, e.g. Brazil.
Younger and more entrepreneurial customers buy the Rolls Royce Wraith attracted by the most powerful engine RR have ever produced
Andrew Ball, global corporate communications manager at Rolls Royce, also says they compete with helicopters and fine art rather than other cars for salesHope springs in Cyprus
George Ioannou of Korantina Homes is the man behind some of the most prestigious homes on Cyprus. His Cap St George development sells at Euro 5million+ per property and he has won two awards from Bloomberg for architecture and development. George took out time to talk to Karen Jones of Citywealth