Article
PE Acquisitions Of EU Investment Firms: The EU Regulatory “Investment HoldCo Question”
Private equity sponsors acquiring EU investment firms through third-country holding structures face complex regulatory architecture decisions under the Investment Firms Regulation and Directive. While there is no automatic EU intermediate holding company requirement, national competent authorities possess discretionary powers to mandate one where effective group-level supervision is absent, creating potential 'regulatory architecture debt' that accumulates with each successive acquisition.
PwC Legal Germany













