— April 20, 2009 —
Cover story
By Vipal Monga and John Blakeley
The market for debtor-in-possession loans is alive, but it's expensive, picky and creditor-friendly -- yet DIPs are needed more than ever before.
Table of contents
Bankruptcy
By Vyvyan Tenorio |
Sun Capital leads a number of Wall Street firms and private equity shops into the DIP market.
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As digital advertising rapidly evolves, a surge of dealmaking and consolidation begins, but like everything else in advertising, it's a little unclear what it all means.
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When the global economy cratered, China and India girded for the worst, but a surprising amount of M&A still takes place.
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Dealmakers
By David Marcus |
A conversation with Skadden Arps' Pierre Servan-Schreiber on French M&A.
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View from the City
By Jonathan Braude |
For Barclays, the sale of iShares should prove to be an astute maneuver.
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B&G's brands get tweaked but don't change that much. The same goes for its approach to deals.
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Bankruptcy
By Jeff Feinberg, Alvarez & Marsal
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Ways for PE-backed companies to weather the current economic storm.
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Capital Calls
By Vyvyan Tenorio |
Moody's revisits the impact of dividend recaps on sponsor-backed companies, and foodies bemoan Balducci's departure from New York.
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Bankruptcy
By Chris Nolter |
A Delaware bankruptcy court delves into the tangled relations among Sumner and Shari Redstone, a failing games company and an obscure buyer.
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Industry Insight
By Mark A. Berube, Sheppard Mullin
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Two bills in Congress could decisively undermine the hedge fund industry.
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Skepticism abounds over Pfizer's ability to digest Wyeth.
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Private Equity
By Paul Whitfield |
Euro valuation models may be more forgiving than their U.S. counterparts, but write-downs loom.
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Media Maneuvers
By Yvette Kantrow |
They seemed so yesterday. But with its "scoop" on the Express Scripts deal, The Wall Street Journal brings strategic placements back to life.
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Rules of the Road
By Donna Block |
The banks get their way on mark-to-market rules.
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Backstory
By Richard Morgan |
Directory publisher Idearc's restructuring plan could serve competitor R.H. Donnelley equally well. But will either company's creditors go for it?
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Safe Harbor
By David Marcus |
Move over, Leo Strine. This year's Tulane confab belonged to Stephen Lamb, who is retiring from Delaware's Court of Chancery in July.
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The M&A bar cheers as the Delaware Supreme Court overturns a perplexing decision in the Lyondell case.
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Judgment Call
By James Klaiber and Blake Reese, Milbank Tweed
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Protecting your intellectual property when your licensee (or licensor) is bankrupt.
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Regulatory
By Cecile Kohrs Lindell |
Antitrust mavens expect a more aggressive stance from the Department of Justice and the Federal Trade Commission.
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Deal Diary
By David Marcus
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Skadden Arps' Lou Kling (pictured) and Howard Ellin team advised Express Scripts on its NextRx deal.
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Movers and Shakers
By David Marcus
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Speculation over who will succeed Stephen Lamb in Delaware abounds. One possibility: Abrams & Laster's J. Travis Laster.
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Movers and Shakers
By Suzanne Stevens
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"The House of Dimon:" A "leadership profile" chronicling his career successes.
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Movers and Shakers
By Suzanne Stevens
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Bill Tyndall is Duke Energy's new VP for government and regulatory affairs. He's done time in government, corporate development and private equity.
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Movers and Shakers
By Mary Kathleen Flynn
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August Capital raised a $650M fund in the first quarter. Still, partner David Hornik says the environment's as tough for firms as it is for startups.
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Deal Diary
By David Marcus
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Cadwalader's Geoffrey Levin represented CVC on its iShares deal.
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Deal Diary
By David Marcus
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Dow Chemical used Shearman & Sterling's George Casey (pictured) and Daniel Litowitz on its Morton sale.
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Deal Diary
By David Marcus
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Wachtell represented Fidelity National in its Metavante deal and Centex on its sale to Pulte Homes.
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Arbitrage
By Scott Stuart
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Total has sweetened its bid for UTS Energy and says its the final offer, while Libya's National Oil Corp. is expected to decide soon on the Verenex-CNPCI deal.
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Editor's Note
By Robert Teitelman, editor-in-chief, The Deal
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It was the rare economist who can claim he saw the crisis coming. But that doesn't stop the continuing predictions.
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Analysis
By Robert Teitelman
Congress reacted to corporate malfeasance, Spitzer hammered Wall Street, and the Fed dropped interest rates. What were we missing?
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