In This Issue:

- Latin American Private Equity on the Rise

- Tax Considerations When Acquiring Non-U.S. Portfolio Companies—Mitigating Subpart F Inclusions

- Private Equity Funds at Higher Risk of Antitrust Fines

- Excerpt from Latin American Private Equity on the Rise:

According to recent figures provided by the Latin American Private Equity and Venture Capital Association, 2013 was a record year for private equity in Latin America, with approximately $8.9 billion of total investments (a six-year high and a 13 percent increase over the previous year), $5.5 billion of funds raised and $3.7 billion in proceeds generated by exits. The data also show that the market is still dominated by Brazil (with 43 percent of funds raised and 68 percent of total amount invested), while Mexico, Colombia, Peru and Chile continue to experience increasing activity.

Despite the disappointing performance of some of the region’s economies in the last couple of years, Latin America continues to be an attractive market for private equity investors. During the past decade, robust economic growth in the region as a whole, civil stability and sound policy-making have created solid investment opportunities in Latin America, and strong macroeconomic fundamentals support the region’s continued growth prospects.