Isle of Man: Isle Of Man Paints Positive Picture For Private Equity
Last Updated: 20 October 2009

Following a tumultuous period for the funds industry international guests attending the annual BVCA Summit, at The Hilton in Park Lane, gathered to discuss The Recovery Strategy for 2010.

Isle of Man Finance, who co-sponsored the event, networked with key members of the industry from around the world to discuss the Island as an effective and viable alternative for offshore funds business.

Brian Donegan, Director Foreign Direct Investment for Isle of Man Finance, commented: "It has been a hectic period for the industry, however we are starting to see more evidence that a positive future is on the horizon. It is estimated there is US$1 trillion of un-spent capital and with asset values still sitting at low prices, acquisitions will be very cheap which presents huge opportunities. Coupled with an improved pipeline for IPOs for the next 24 months and suddenly there is a positive outlook for the sector. This is the first time Isle of Man Finance has attended such an event aimed at the PE industry and it has been of great value. We have made many in-roads with this sector and have received a high level of interest in our proposition".

The delegation from the Isle of Man, who according to recent research from Hemscott is the leading offshore jurisdiction for non-UK AIM listed companies, promoted the Island's low cost operating environment, established base of non-exec directors and its established and robust economic and legal framework.

Donegan added: "The event was a great success and good opportunity to promote the Isle of Man's proposition as a leading international business centre and as a credible alternative jurisdiction for fund business."

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