Mr. Marc Israel

Partner, MACFARLANES SERVICES LTD


          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

GLG News by Mr. Marc Israel, Partner

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Issues on collaboration between private equity funds

October 12, 2006

Buyout firms in US cartel inquiry | www.timesonline.co.uk

The DoJ probe highlights the facts that antitrust issues can arise when competing (or potentially competing) bidders coordinate their behaviour.

As the practice of joint bids is common, a large number of private equity funds - and ultimately investors - could be affected.

However, it appears that there are legitimate reasons for cooperation between competing (or potentially competing) bidders provided that the antitrust rules are respected.

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