UK - The British Venture Capital Association has revised its reporting and valuation guidelines for the private equity market.
The guidelines, first released 10 years ago, aim to encourage transparency and consistency in private equity investments.
Chairman Richard Green said the BVCA released the revised document – which takes a more “robust and rigorous” form – in response to calls from pension funds and the government for greater disclosure in private equity investments.
The revised document intends to provide:
- A more robust and rigourous process in making valuations.- Improved valuation methodology for management buy-outs.- More explicit guidelines on what information should be given to investors.
The guidelines will enable investors to compare funds operating in different international markets, using US generally accepted reporting principles and international accountancy standards.
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