Private equity has been one of the hottest areas of corporate law for some time, but at the moment the market is positively sizzling.
Every firm and its dog has been vying to get in on US private equity house Kohlberg Kravis Roberts' (KKR) takeover of pharmaceuticals giant Alliance Boots. Although the private equity behemoth had earlier pulled out of a bid for J Sainsbury.
But such aggressive high-profile takeovers may have backfired for the private equity industry's public image. The Institute of Directors is so worried that it has set up an advisory group to help the industry "be more open, more transparent and better understood".
This Private Equity Special Report examines how the private equity industry needs to rally in order to improve the sector's reputation. It also examines how the US model of practice is becoming increasingly popular in Europe.