Buyout firms structure Australia investments through Singapore
Singapore has emerged as the preferred conduit for private equity firms looking to enter and exit investments in Australia from offshore. CHAMP Private Equity and TPG are understood to be among those to have set up Singapore structures in the wake of the Australian Tax Office’s (ATO) capital gains clampdown on buyout firms, The Australian reported.
A Cayman-based private equity vehicle used to invest in Australia through entities in Luxembourg and the Netherlands. The former was used because it allows low withholding taxes on payments leaving Europe,...
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