1. TRANSACTION ACTIVITY
1.1 M&A Transactions and Deals
Luxembourg remains a pre-eminent jurisdiction for private
equity investment funds, with unregulated funds being the most
utilised format. A great number of the transactions are share
deals, often involving Luxembourg-resident asset-holding
entities. Typically, however, although the holding entity may be
located in Luxembourg, the assets are not.
Technology, healthcare, renewable energy, structured debt and
credit funds are the areas of investment that have been favoured by
sponsors in recent years. In addition, a reasonably large number of
structures still invest in real estate in Europe.
An increasing number of participants are less willing to limit
their investment policy to specialised areas but are happy to
consider a wide range of investment options as they arise on an
opportunity basis. Having said that, despite this increase, it is
still the case that most private equity sponsors continue
