You won’t find our dealmakers of the year wearing suspenders and shoulder pads, but otherwise, you’d be forgiven for thinking you’d drifted back to the ’80s. Not since the buyout of RJR Nabisco in 1988 have private equity funds roiled the capital markets the way they did last year.

Seeking ever-bigger opportunities, private equity shops funded acquisitions by forming clubs to pool their resources (and in the process, to pool their law firms). When clubs became too cumbersome, private equity firms sought more predictable cash flows and cheaper funding in the public equities and debt markets. Buyout targets became increasingly exotic as well: a broadcasting syndicate and a casino company — both heavily regulated — and a mammoth real estate investment trust governed by complex and specialized tax laws.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]