Despite fears that the euro-zone debt crisis is spreading and hampering the European deal environment, Stefan Selig, executive vice chairman and head of global corporate and investment banking at Bank of America Merrill Lynch, says he hasn't seen a big impact on domestic dealmaking, particularly in the leveraged buyout space.
Selig -- who recently advised Rocco Commisso, founder, chairman and CEO of Mediacom
Communications Corp., in his $500 million buyout of the U.S. cable operator, as well as nutritional supplements makerNBTY
Inc. in its $2.4 billion take-private by private equity firm Carlyle
Group -- thinks that LBOs will be robust in 2011. However, he adds, he doesn't see any megabuyouts on the horizon.
We caught up with Selig at The Deal
Economy 2011 event, hosted by The Deal at the New York Stock
Exchange on Dec. 2 and 3. Click here to
join the webcast of the event. - Sara Behunek Share:
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.
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