The 7th edition of “Private Equity: Law and Practice” by Darryl Cooke is a comprehensive guide to the legal and practical aspects of private equity transactions. This book serves as a valuable resource for various professionals involved in private equity, including lawyers advising private equity firms, management teams seeking to acquire companies, and companies in need of funds. Here is a summary of the key features and content covered in this new edition:

Key Features:

1. Comprehensive Coverage: The book provides a thorough understanding of private equity transactions, guiding readers through every stage of the process, from raising private equity to managing the transaction and restructuring the company.
2. Relevant Advice: It offers advice and information relevant to private equity investors, companies seeking funds, deal financiers, and managers pursuing company buyouts.
3. Social Impact Consideration: The book considers the social impact of investing and provides insights on how to approach it within the context of private equity transactions.
4. Legal Regulations: Clear explanations of legal regulations for tax relief, share capital, due diligence, and issues related to directors and employers are provided.
5. Investment Agreement Analysis: Detailed analysis of investment agreements, including mechanics, warranties, controls, common issues, corporate governance, and minority protections.
6. Syndication Strategies and Exiting Methods: The book offers a detailed view of syndication strategies and methods for exiting an agreement.
7. Company Formation Guidance: After securing investment, the book delves into the process of forming the company, starting with the articles of association.
8. Checklists and Glossary: Helpful checklists for all legal and business aspects of private equity are provided, along with a glossary of private equity terms. Additionally, it includes a BVCA membership listing, model questionnaire, and precedent heads of term.

Overall, “Private Equity: Law and Practice” is a comprehensive resource that offers practical guidance, legal insights, and valuable advice for navigating the complexities of private equity transactions. It serves as a go-to reference for professionals in the field, providing in-depth coverage of both legal and business aspects of private equity.