In this video interview with The Deal magazine, Jeffrey Kaplan, the former head of M&A at Bank of America Merrill Lynch who will soon be the COO of Appaloosa Management LP, reflects on the changes in private equity and M&A over the last 20 years, including globalization. Just as Europe has emerged as a major force of M&A over the last 10 years, emerging markets, such as the BRIC countries, will be the big acquirers and consolidators over the next 10 years, predicts Kaplan. - Vipal Monga
Three directors are leaving Valeant Pharmaceuticals International's board, including Warburg Pincus' Fred Hassan, ValueAct's G. Mason Morfit and Persistence Capital's Lloyd M. Segal. For other updates launch today's Movers & shakers slideshow.