The Deal
Tuesday, November 24, 
9:39 am

— Oct. 19, 2009 —

Cover story

In search of IPOs

A surge of PE-backed offerings in September buoyed hopes that a once-vibrant market was on its way back. But fundamental changes have made the prospects, particularly for venture startups, still uncertain.

 Full Story     Share    Discussion

Community

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

Regulatory

Strong wingman

Meet Timothy Geithner's deputy: Neal Wolin, veteran of the national security apparatus, the Treasury Department and the insurance industry.


Regulatory

Reorganization man

Jeffrey Goldstein, formerly of the World Bank, can use his skills with broken economies to help address problems in the United States.


Regulatory

An eye out for ordinary people

Confirmed in May to be the Treasury Department's assistant secretary for financial institutions, Barr has spent most of his academic career examining how the financial services industry can better reach the poor and other underserved segments of society.


Dealmakers

Still movin' and shakin'

Despite the recession, we found eight young PE mavens worthy of notice.


Private Equity

Passages in India

Akil Hirani of Majumdar & Co.


Private Equity

The practical adviser

Kimberly Taylor of Kirkland & Ellis


Private Equity

Tasty treats

Silverfleet Capital's Guido May


Private Equity

Energy source

Lime Rock Partners' Jeff Scofield


Private Equity

From boomer to buyouts

Morgan Stanley's Dennis Cornell


Dealmakers

Under Western skies

Blackstone Group LP's Ivan Brockman


BC Partners' Justin Bateman


Dealmakers

Skilled in private investing

Irving Place Capital's Phil Carpenter III


Movers and Shakers

Steinberg's rewind

After a four-month stint in law, Lewis Steinberg has donned his banker's hat and rejoined UBS.


Movers and Shakers

Hardly strictly private equity

Warren Hellman gives up his post as chairman of Hellman & Friedman.


Movers and Shakers

Hollywood's enablers

Movie moneymen P. Clark Hallren and Brian R. Mulligam are resetting their careers.


Movers and Shakers

Simon says converge

J.P. Morgan telecom banker becomes co-tech chief.


Movers and Shakers

License to deal

Jean Manas left Deutsche Bank over a bonus dispute. He launched Foros, which got its broker-dealer license in August.


Deal Diary

Cisco pulls out the checkbook

Cisco spent a combined $6 billion to buy Tandberg and Starent. The networking giant's advisers on the Tandberg deal were less conventional.


Attorneys Samuel Saracino and Patrick Schultheis teamed up again for Avocent.


Private Equity

Cracking open the window

Private equity sponsors get in line to take their portfolio companies public. So far, so good.


Analysis

Privatization, no

Mexico's state-owned oil company is debt-bloated, overtaxed and facing massive production declines, and even a new Pemex chief and new oil and gas laws that promise to open it up to private oil companies may not be enough.


Analysis

Last lap

After months of wrangling, GM is close to signing over Opel to Canada's Magna and Russia's Sberbank.


Dealmakers

Old school

Kerry Stokes, one of the last of the media barons, is fighting for a prized Australian asset.


View from the City

Second skin

ITV hopes an unsold asset can reduce a pension deficit. But first the trustees must sign off.


Capital Calls

A little blue sky

Leveraged finance fuels renewed private equity dealmaking. No, the sky isn't falling anymore.


Dealmakers

Bigger and further

As companies consider deals beyond their previous purviews, they'll need to revisit their M&A processes, especially for integration.


Follow the Money

A little gift

Are dividend recaps a sign of another apocalypse? The market doesn't think TransDigm Group's recap poses much of a threat.


Arbitrage

Risk arbitrage: Oct. 19, 2009

A host of factors play into the arbitrage trading in the $5.6 billion merger between Affiliated Computer Services and Xerox. The chief concern: potential outs in the merger contract.


Editor's Note

Editor's letter: Oct. 19, 2009

Bruce Wasserstein did deals, a lot of them, in a career that's already being called 'legendary.' The Bruce we knew at The Deal reveled in the mechanics of the media. We'll miss him.


Media Maneuvers

Telephone tag

Revealed! Tim Geithner spends a lot of time on the phone. But while we know the names of his callers, we utterly lack the context


Backstory

Squeeze play

BusinessWeek got caught in the middle. And as the big get bigger and the small proliferate, Fortune and Forbes face big problems, too.


Safe Harbor

The appeasement problem

Pfizer started a trend when it adopted a policy on director elections, but such policies may not be worth the paper on which they are written.


Rules of the Road

Hit the books

A merger divestiture study would give antitrust agencies data to assess the value of requiring asset sales.


Regulatory

To catch a thief

Here are some other reasons why the SEC did not catch Bernard Madoff.


Industry Insight

Risky business

PE firms worry about the risk management of their defined benefit plans. An investment strategy set with explicit reference to liabilities is crucial.


Judgment Call

Extra credit

In lending to the new middle market, are BDCs, SBICs or both the answer?


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.