Preface

Contact details:

BVCA
3 Clements Inn
London WC2A 2AZ

Tel: +44 (0) 20-7025 2950
Fax: +44 (0) 20-7025 2951

Email: bvca@bvca.co.uk
Website: www.bvca.co.uk

The BVCA represents private equity and venture capital in the UK and is devoted to promoting the private equity industry and improving the performance and professional standards of member firms and the individuals within those firms. Its members include private equity firms, professional advisers, corporate financiers, mezzanine firms and other companies whose executives are experienced in the private equity field. The BVCA's primary objective is to increase awareness and general perception of private equity by:

• Providing information about members to those seeking private equity.
  
• Representing members’ views and interests in discussions with Government and other organisations.
  
• Providing a forum for the exchange of views among members.
  
• Acting as a source of education and training for employees of member companies.
  
• Developing and encouraging the highest standards of professional practice.
  
• Liaising with fund providers and political, regulatory and media contacts.
  

Directory of Members
Directory of Members Lists private equity firms and their contact details, identifies their investment preferences (i.e. the minimum and maximum amounts, financing stage, industry sector and location). Also provides details of associate members including professional and other advisers, who are active in the private equity field. Published annually.

Directory of Members CD-ROM
The CD-ROM contains a PDF version of the Directory of Members. Published annually.

Entrepreneurs
A file containing case studies of private equity backed entrepreneurs.

Report on Investment Activity
Analysis of private equity industry investment, by financing stage, industry sector, region and type of private equity company, with details on independent funds raised. Collated by PricewaterhouseCoopers. Published annually in May/June.

The Economic Impact of Private Equity in the UK
The major survey of private equity and venture backed companies analysing their growth and contribution to the national economy, measured in terms of job creation, sales revenues and exports against FTSE 100 and FTSE Mid-250 companies and national growth rates. Published annually in November.

Performance Measurement Survey
An annual report analysing the aggregate net returns to investors from independent private equity funds by year and type of fund. Produced by PricewaterhouseCoopers for the BVCA. Published annually in May/June.

Reporting and Valuation Guidelines
Reporting Guidelines, addressing the content, frequency and timing of reports to private equity investors, and Valuation Guidelines, addressing the basis and methodologies to be used for valuing private equity investments. Published in July 2003.

Limited Partnership Agreement
The Limited Partnership Agreement is the key legal document used for private equity funds formed as limited partnerships. These explanatory notes are designed to explain the provisions commonly found in this documentation. Published in November 2002.

A Guide to Investing in Europe
Produced jointly by the BVCA and Ashurst Morris Crisp, this publication assists private equity practitioners when investing in Europe. Topics covered include capital structure, board and employee matters as well as issues of common concern. Published April 2002.

A Guide to Term Sheets
A guide aimed to provide those not familiar with the venture capital investment process with an outline of how investments can be structured. Produced May 2004.

For a complete list of BVCA publications and details on ordering, please visit the BVCA website www.bvca.co.uk.

Other useful contacts

Business Link
0845-600 9006 or www.businesslink.org
The equivalent bodies to Business Link are Business Connect in Wales, Small Business Gateways in lowland Scotland, Business Information Sources in the Highlands, and EDnet in Northern Ireland.

Enterprise Investment Scheme (EIS) Association
01732-465828 or www.eisa.org.uk
Also see the BVCA Directory under “Professional Advisers” for details on chartered accountants and lawyers with experience in the private equity field, who are associate members of the BVCA.

BVCA

3 Clements Inn
London
WC2A 2AZ
T 020-7025 2950
F 020-7025 2951
E bvca@bvca.co.uk
W www.bvca.co.uk

Founded in 1983, the BVCA represents private equity and venture capital in the UK. We are devoted to promoting the private equity industry and improving the performance and professional standards of member firms and the individual within those firms.

Disclaimer

This Guide has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this document without obtaining specific professional advice. Accordingly, to the extent permitted by law, the BVCA, PricewaterhouseCoopers, their members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this document or for any decision based on it.

PricewaterhouseCoopers

PricewaterhouseCoopers LLP
1 Embankment Place, London
WC2N 6RH
T 020-7583 5000
F 020-7822 4652
W www.pwc.com/uk
This Guide was written for the BVCA by Keith Arundale, Director at PricewaterhouseCoopers LLP.

PricewaterhouseCoopers (www.pwc.com/uk) provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 139 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.

“PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP (a limited liability partnership in the United Kingdom) or, as the context requires, other member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

Driving Ambition (www.driving-ambition.com) illustrates the issues and opportunities surrounding an ambitious business in its development and directs business owners and management teams to the appropriate services available from PricewaterhouseCoopers.

Our corporate finance specialists work with management teams from many industry sectors through all the stages of the private equity life cycle (www.pwc.com/cf/privateequity). PricewaterhouseCoopers also provides corporate finance, due diligence, audit and tax services to private equity houses and their investee companies.

Back to top