Data & Intelligence

Legal & Regulatory Bulletin – Issue No. 23, Fall 2017

The EMPEA Fall Bulletin focuses on various topics including complex tax efficiency considerations for U.S. taxable and tax-exempt investors considering investment in India, challenges resulting from a decision to invest in Indian distressed debt, optimal investment structures following recent changes in the Indian Insolvency and Bankruptcy Code and an exploration of opportunities and challenges for those interested in acquiring African insurance businesses, particularly in Kenya, Nigeria and South Africa.

In this Bulletin our contributors deliberate on:

  • Structuring Funds for Investment in India to Maximize Tax Efficiency for U.S. Investors: What are the implications for both the U.S. taxable and tax-exempt investor in the current environment given treaty implications and Indian tax developments?
  • Foreign Investment in Distressed Debt in India Looks Interesting: What are the pros and cons of specific investment vehicles including the Alternative Investment Fund, the Asset Reconstruction Company and the Non-Banking Financial Institution when examined through the lens of developments in India’s securities, tax and bankruptcy laws?
  • Could Africa’s Insurance Industry be a Fresh Frontier for Merger and Acquisition Activity? What do the markets in Kenya, Nigeria and South Africa suggest?
EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company