The Deal
Thursday, November 26, 
1:34 am

— April 6, 2009 —

Cover story

Can private equity play the infrastructure game?

With buyouts moribund, new players have poured into some of the longest-term, low-return, politically sensitive assets out there.

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Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


Regulatory

Of politics and pay

How to fix executive compensation rules without breaking the companies.


Industry Insight

Before the honeymoon ends

Thinking differently about conflict resolution.


Judgment Call

The price of R&D

FAS 141(R): A new source of shareholder litigation against innovation-driven companies?



Table of contents

Analysis

The alternative lifestyle

As utilities ponder the advent of new regulations, wind and solar companies are all the rage, but will that last?


Judgment Call

Going private 2.0

Public-private partnerships will have a key role in the coming infrastructure boom.


Dealmakers

Highstar: A value on experience

The veteran infrastructure investor is betting it can outshine its private equity rivals as competition for stable, long-term assets heats up.


Bankruptcy

A new Charter

Paul Allen's cable company finally began to crumble under crushing debt. To the rescue: an unlikely gang of creditors, who used some fine print to ram home a prepack.


Safe Harbor

Summertime blues

Law firms are curtailing their summer associate programs. That can wreak havoc on the entire recruiting process.


Analysis

A faulty tower

In a sign of things to come, Boston's tallest skyscraper gets sold at auction after foreclosure.


Deal Life

Bling blade

Deep in Cajun country, a world-class craftsman forges some of America's finest knives -- part of a resurgence of an ancient craft.


Media Maneuvers

The right stuff

Following Jon Stewart, a band of progressives targets CNBC. Their goal: to fix the joint by booking folks who got things right. Good luck.


Industry Insight

Liquidity diet

The secondary market for private equity interests is growing.


Analysis

Manifest destiny?

For some companies, a recession is a terrible thing to waste.


Capital Calls

They shoot bad banks, don't they?

Geithner's plan for purging toxic assets from the system has PE supporters, and detractors.


Analysis

Open secret

Facing new rules and declining assets, many Swiss private banks look unlikely to survive.


Analysis

Treading water

A recap of the first-quarter loan market.


View from the City

Patchwork quilt

Chapter 11 has its virtues, but it's not about to replace the U.K.'s administration regime.


Venture Well

Liquid plumber

With a new $265 million secondary fund, Industry Ventures offers a rare exit for private investors.


Follow the Money

Return of the CVR

They haven't been seen for years, but in some pharma deals, these targeted options are beginning to re-emerge.


Analysis

It's the economy, Tim

If it's as bad as people are saying, the government eventually may have to shut down big banks. Would an early start be better?


Dealsense

Dear bankers

We quit.


Deal Diary

Beckman finds the right chemistry

Tokyo-based Olympus used Stephen Chelberg of Squire Sanders & Dempsey and others in its deal with Beckman Coulter.


Deal Diary

Cravath sunny about solar

Covington & Burling's Jack Bodner and William Collins advised OptiSolar in its pipeline sale to First Solar.


Deal Diary

Cisco throws a curve ball

In its Pure Digital deal, Cisco turned to its go-to legal team from Fenwick & West led by Doug Cogen.


Deal Diary

Canadian oil deal a biggie

CIBC's Paul Spafford, Art Korpach, Mike de Carle and Shane Popowich were among Suncor's financial advisers in its Petro-Canada deal.


Rules of the Road

Time to think

The deal slowdown offers antitrust regulators an opportunity to rework merger guidelines.


Movers and Shakers

Legal ties that bind

Proskauer Rose recently lured Jeff Marwil, Mark Thomas and Paul Possinger away from Winston & Strawn.


Movers and Shakers

Start smarts

Boston VC firm Spark Capital recently launched Start@Spark, which targets seed-stage startups in the Northeast.


Movers and Shakers

Riding the restructuring wave

Steve Panagos is returning to advisory work, recently moving to Moelis & Co.


Movers and Shakers

Liquidity for the limited

Paul Sanabria, Jeff Hammer are joining Houlihan Lokey to set up an advisory effort serving the secondary market for PE investments.


Arbitrage

Risk arbitrage: April 6, 2009

The proxy season's most interesting arbitrage situation has definitely become the three-way nitrogen fertilizer battle.


Editor's Note

Transactions: April 6, 2009

Great Depression chic is all the rage, informing our politics and policies. Our rush to embrace the dead past is a little odd, if deeply political.


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