I OVERVIEW OF M&A ACTIVITY
M&A activity remained relatively strong in Luxembourg in
2017 and 2018, despite a global slowdown due to the remaining
uncertainties resulting from Britain's decision to leave the
European Union and key global elections. Some of the reasons for
this are Luxembourg's regulatory and legislative framework, its
legal and political stability, and its domestic market, in
particular its fund industry and financial sector.
Luxembourg remains the largest investment funds centre in Europe
and the second-largest in the world behind the United States. At
the close of March 2018, the net assets under management in
Luxembourg amounted to €4.149 billion.2 Hence, the
investment funds industry continues to play a major role in
stabilising the Luxembourg market. Luxembourg continues to be
ideally placed to implement tax-efficient M&A transactions, and
hence to be a key platform for M&A and private equity activity.
One reason for this is that the relevant
