THE DAILY DEAL REVIEWS THE PAST YEAR'S EVENTS

The newspaper's special "Year-end Issue" takes on a magazine format, beginning with cover-art by celebrated illustrator and cartoonist Arnold Roth

December 27, 2001--New York, N.Y.--The Daily Deal's (www.TheDeal.com) last issue in 2001 reflects upon the past year's events that rocketed key deal sectors and industries to new highs and lows. The issue also carries a mosaic of 18 diverse philanthropic activities from members of the dealmaking community.

"In a year of the erosion of certainties associated with the great bull market of the '90's, we offer a number of different perspectives on our world and the events that defined the year," said Robert Teitelman, editor-in-chief of The Deal. "And, while the holiday season normally brings charity to mind, philanthropy has become a more pressing topic since Sept. 11."

The special issue features 14 full-page columns that provide insight into the most important milestones that shaped key deal sectors and industries, specifically telecom, oil and energy, venture capital, bankruptcy, mergers and acquisitions, merger policy, law and regulation. Challenged to sum up the most important turning points in their specializations, The Daily Deal's editorial staff produced a collection of essays that are wrapped in illustrations by noted illustrator Arnold Roth and others. Included in the special issue are:

• "Leading indicators," by Leon Lazaroff, sums up consolidation among a troubled band of start-up telecoms, the CLECs.

• "Busted," by Anthony Baldo, provides a synopsis of the record year in bankruptcy deals - starting with 32 bankruptcies among companies valued over $1 billion.

• "Basics training," by Matt Miller, describes how corporations have reviled against the dot-com trend and are leaning toward buying and selling basic industrial assets.

• "Do or die," by Joshua Jaffe, dissects a critical time for Europe's venture capitalists in the post-bubble economy.

• "The corrections," by Jaret Seiberg, takes looks at merger policy prospects under the relatively new Bush Administration.

• "Down so far," by Clifford Carlsen, examines the plight of venture firms who believe they may have hit the bottom.

• "MAC, the knife," by David Marcus, delves into material adverse clauses and assesses the outcomes of buyers who walked away from deals in 2001.

• "Drip, drip," by Claire Poole, reports that while the oil and energy sectors saw a record number of deals in 2001, deal values slipped by 35%.

• "Wise guys," by Victorya Hong, offers insight into the European Union's attempt to devise new takeover rules.

• In closing the issue, "2002," by Jaffrey Kanige, provides a humorous twist on the coming year in dealmaking.

About The Deal LLC
The Deal, LLC is the leading media company charting the deal economy for dealmakers worldwide. The company provides original news reporting, financial data and commentary on a full spectrum of global transactions and the personalities and politics of dealmakers behind the deals. Through The Daily Deal and TheDeal.com, as well as e-newsletters, newsletters and special reports, The Deal, LLC addresses the information needs of the deal community composed of corporate executives, entrepreneurs, institutional investors, financial intermediaries and advisers. Investors in The Deal, LLC, a privately held company, include majority owner U.S. Equity Partners, a private investment fund sponsored by Wasserstein & Co., LP, and Rustic Canyon Ventures, one of the largest venture capital funds in Southern California.