Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Private equity definition

What does Private equity mean? Private equity describes investment by professional funds in unlisted (unquoted) companies to obtain minority or controlling stakes, financing growth, management buy-outs/ins, recapitalisations or turnarounds, often alongside acquisition debt. The shares acquired are not admitted to trading on a stock exchange, so are less marketable and less liquid than public (quoted) equity. The term is not defined in legislation or case law; it is a market description used consistently across England & Wales, Scotland, Northern Ireland and Ireland. Transactions are privately negotiated and typically documented through investment and shareholders’ agreements, amended articles, preference shares or loan notes, management incentive arrangements (such as...

UK GDPR data sharing in joint ventures and private equity funds: practical steps, controller roles, DPIAs, international transfers and precedent clauses

Published by a LexisNexis Corporate expert

Practice notes

UK GDPR

This Practice Note outlines the key Data protection considerations under the UK General Data Protection Regulation, Assimilated Regulation (EU) 2016/679 (UK GDPR), where Personal data is exchanged in connection with creating or running a joint venture, or with investing in a Private equity fund. It summarises the issues to be considered whenever such sharing occurs around formation, operation and related diligence activities. In the context of a joint venture, personal data can be disclosed between prospective joint venture participants as part of pre-entry due diligence, or between the existing joint venture parties and a party contemplating admission to that joint venture, for diligence purposes and before entering into the arrangement. After establishment, the joint venture parties may go on sharing personal data (with one another and potentially with the joint venture company (JVC)) on an ongoing basis to progress the JVC's business. For this Practice Note, it is assumed that, following formation, the joint venture parties who share personal data act as controllers in relation to that processing and that this controller status applies to their subsequent exchanges. In a private equity fund scenario, a fund may provide personal data to prospective investors so that they can determine...

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Web page updated on 22/05/2026

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