This overview of a complex & often misunderstood subject takes the reader through the issues that are faced throughout the life cycle of a private equity investment from the identification of an opportunity through the various stages of the transaction & the lifetime of the investment to the eventual exit by the investor. The analysis of key documentation & legal issues covers company law employment law pensions taxation debt funding & competition law taking into account recent legal developments such as the Companies Act 2006 the recent emergence of private equity in the UK & the challenges faced by the industry as a result of the financial crisis.