Our CEO, Rami Cassis, was quoted in PE Hub’s daily deal briefing, providing his insight on the Labour Government’s carried interest changes.
Rami addressed the read-across from the UK Budget for mid-market dealmakers, arguing that the PE industry was ‘awash with gossip, fearmongering, and hysteria’ ahead of the Budget announcement. In his view, that noise obscured how modest the eventual change turned out to be.
His analysis of the result argued that the interest changes were ‘nowhere near the level needed to cause a serious hit to deal flow’, and that the UK maintains its internationally competitive tax position. Mid-market firms in particular are unlikely to reprice deals on the back of it.
He maintained that managers with personal capital at risk should be treated differently from those without. That principle has been the consistent thread running through all of his commentary on the reform.
Read the full article at PE Hub here.
Featured image courtesy of Ed Robertson via Unsplash.
