Private equity liable for portfolio's antitrust breach.

• Autores: Danielle Myles
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
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• Resumen

  • The article reports on the ruling of the European Commission that Prysmian, a private equity fund sponsored by financial services firm Goldman Sachs, is liable for the cartel infringement by a portfolio company. It examines the decision of the EC under the Parental Liability Doctrine and its implications for private equity firms. A discussion on the importance for private equity buyers to practice due diligence, including the introduction of cartel warranties and indemnities, is presented.