As of November 3rd, 2009
In a joint meeting last week, the FASB and IASB Boards agreed to jointly re-deliberate ED10 in its entirety with a goal of issuing a final IFRS on consolidation that would be accepted in the United States.  Given this development, there is now virtually no chance that the consolidation project will [...]

A recent report by Moody’s, which indicates that large private equity backed companies are more likely to default, has been shot down by the Private Equity Council. The paper is “open to significant interpretation” the PEC has insisted in its rebuttal.
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The Canada Pension Plan’s investment arm threw its weight behind two
deals worth US$11-billion Thursday, joining forces with a U.S. buyout
titan in the largest North American private-equity deal of the year,
and helping to launch an unsolicited takeover bid for Australia’s
biggest toll-road operator.
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Health-care data company IMS Health Inc. is nearing a deal to sell itself to private-equity firm TPG and the Canada Pension Plan in a deal that could have a value of almost $4 billion, said several people familiar with the matter.
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China’s private equity industry could grow to 10 times its current size in the next few years, driven by domestic funds investing into small and medium-sized enterprises (SMEs), according to a Reuters report, which cites industry executives. This will allow domestic private equity firms to better compete against global giants.
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Apparently, bigger isn’t always better — especially on Wall Street.
The 10 largest companies bought by private equity companies are performing worse than similar stand-alone companies or smaller private equity deals, according to a new report from Moody’s, the rating agency.
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Memories of the downturn could restrain limited partners’ enthusiasm for private equity in 2010. Three panelists at the Dow Jones Limited Partners Summit West said investors plan to reopen their wallets to new commitments, but the amount of money flowing out may not be as abundant as general partners expect.
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