Navigating the market guide to pan-European private placements

Following the publication of the Pan-European Private Placement Working Group’s (PEPP WG) pan-European corporate private placement market guide, Sophy Lewin, financing support lawyer at Slaughter and May, explores the development of the guide.

Original news

A voluntary guide to best practice has been published for the pan-European private placement market. It was launched by the PEPP WG with the aim of further developing medium to long term financing options for European mid-sized corporates.

What is the PEPP WG?

The PEPP WG brings together a number of market participants with an interest in private placements under one umbrella group, with a view to developing a pan-European private placement market.

The PEPP WG is co-ordinated by the International Capital Market Association and includes :

• the Association for Financial Markets in Europe (AFME)

• the European Private Placement Association (EU PPA)

• the French Euro Private Placement (Euro PP) Working Group

• the Investment Management Association (IMA)

• the Loan Market Association (LMA)

• TheCityUK

• representatives from major institutional investors, law firms and service providers, and

• observers from the official sector such as the Banque de France, the Bank of Italy, the French Trésor and HM Treasury