The Deal
Thursday, November 26, 
1:38 am

— May 4, 2009 —

Cover story

Inside Fortress

Don't believe everything you hear about the publicly traded buyout shop and hedge fund. While it has been battered, it's hardly defeated--and now opportunities in distressed investing are emerging again.

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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

Dealmakers

The soul of the middle market

Nine individuals from seven firms who make dealmaking happen.


Bankruptcy

Chained to the drawing board

Congoleum hasn't been able to convince a judge or its insurers that it has a confirmable plan for paying asbestos victims, and now it's fighting to keep its bankruptcy alive.


Media Maneuvers

Club sandwich

The New York Times tells how much Tim Geithner hobnobbed with Wall Street. What it failed to say was how crowded his schedule was with financial journalism's finest.


Analysis

Now for the main event

Chrysler's bankruptcy sets the stage for an even bigger public-private drama at General Motors. That's no accident.


Bankruptcy

Poisoned chalice?

Creditors backed Belvedere into bankruptcy. The fine print of French law may be hard to swallow.


Deal Life

Dead clients don't pay

From armoring your car to hiring bodyguards, some options to keep the bullets away and the drug lords at bay.


Private Equity

Placement test

After years of allegations, the lid has finally blown off New York's pension pay-for-play system. Whether any real reform will take place is another matter.


Analysis

Money, vaccines and lots of soap

Remember the bird flu? Now that another flu strain is threatening the globe, here's a look at where we stand drugwise.


Analysis

What's good for GM is good for banks

Here's why the government is likely to play an ever greater role in both sectors.


Follow the Money

No shelter

As loan prices fall, CLOs could face technical default. That could be a big problem for credit markets in a few years.


Analysis

Larry Ellison has a picnic

Oracle buys Sun, keeping rivals away and getting some of the world's most important software.


Analysis

Ask your pharmacist

You'd be surprised how much he or she can tell you about M&A strategy and execution.


Industry Insight

Inside a carve-out

Bristol-Myers Squibb executes a successful divestiture.


Analysis

Swapping systems

So far, ICE is ahead in the race to dominate the credit default swaps clearinghouse game, but whether the entire system makes sense is another question.


Rules of the Road

Ratings reform

New SEC leadership revives effort to bolster faith in debt grades.


Deal Diary

Things get hostile in Silicon Valley

Broadcom tapped Kenton King, Leif King (pictured) and David Hansen of Skadden Arps for advice on Emulex.


Deal Diary

Davis Polk swigs more Pepsi

George Bason Jr. (pictured) and John Bick lead Davis Polk's team on the deal.


View from the City

It could've been worse

Britain still supports its buyout shops, even if a new budget boosts taxes on their wealthy executives.


Deal Diary

Blackstone's there for Stiefel

Willkie Farr's Gregory Astrachan and others advised Stiefel on its sale to GSK.


Movers and Shakers

A brand and a plan

Blackstone plans a private capital fundraising out of its technology investment banking group.


Movers and Shakers

The Deutsche dozen

DB has attracted well-known corporate finance advisory bankers for its European division.


Backstory

A glass half full

A survey of B2B publishers more than balances the bad news on magazines with the good news about online.


Industry Insight

Middle East M&A

Dealmaking in the Middle East should be strong in 2009.


Judgment Call

Antitrust international

Dawn of a new era: global cartel enforcement.


Dealmakers

Drinking from the fire hose

Longroad Asset Management's Paul Coughlin.


Dealmakers

Uncharted territory

McGladrey Capital Markets' Hector Cuellar.


Dealmakers

Asia hand

Business Development Asia's Euan Rellie.


Dealmakers

A bigger tool kit

Lazard Middle Market's Michael McFadden and David Solomon (pictured).


Dealmakers

Different strokes

Pine Brook Road Partners' Mike McMahon.


Media Maneuvers

The judicial mind

Leo Strine offers a rare glimpse into what judges think about when writing opinions. Protecting their jurisprudence is high on the list.


Dealsense

Who passed the stress test?

A. Silverback gorillas B. Lake Michigan C. Frankie Valli & The Four Seasons D. False


Dealmakers

Beyond plain vanilla

Dechert's Thomas Friedmann (pictured) and James Lebovitz.


Dealmakers

Small, nimble and fast

McColl Partners' David Vorhoff.


Arbitrage

Risk arbitrage: May 4, 2009

Arbs are betting PepsiCo will bump its offers to buy its bottlers and CF shareholders aren't keen on Agrium's offer.


Wilson Sonsini has provided cradle-to-grave legal advice to Sun Microsystems.


Media Maneuvers

Moelis preps for takeoff of AIG's ILFC sale

Moelis preps for takeoff of AIG's ILFC sale


Editor's Note

Transactions: May 4, 2009

Critics argue that banks too big to fail should be broken up, but determining too-big-to-fail is very complex.


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