InfoAnda - Stone Key drives cybersecurity dealmaking

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

New York Dolls still rocking to their own beat | Entertainment | | 28 April 2009
Termite gangs tunnel into third French bank | | 4 April 2010
Last phone-hack paper published, Murdoch heads to UK | | 10 July 2011

iPad-mania as thousands queue for global roll-out | 28 May 2010

Forum Views () Forum Replies ()

Read more with google mobile : Stone Key drives cybersecurity dealmaking

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Stone Key drives cybersecurity dealmaking Reuters - Tuesday, February 15 Send IM Story Print By Soyoung Kim NEW YORK - In a dealmaking world where big Wall Street investment banks rule, Denis Bovin and Michael Urfirer show that small can be beautiful. The former Bear Stearns bankers, who helped create the world's top defense contractor Lockheed Martin Corp <LMT.N> through two mega-mergers in the mid-1990s, are now driving dealmaking in the so-called "cybersecurity" arena where defense meets commercial technology. Since setting up the boutique advisory shop Stone Key Partners a little more than two years ago, the duo has advised on some of the most hotly contested auctions in defense technology, including the sale of Argon ST to Boeing Co <BA.N> and the two-part sale of biometric identification maker L-1 Identity Solutions <ID.N> to Safran <SAF.PA> and BAE Systems <BAES.L>. Those transactions followed Stone Key's first big deal -- the $5.2 billion sale of U.S.-based DRS Technologies to Italy's Finmeccanica SpA <SIFI.MI> in 2008, the second-largest defense deal of the past decade, globally. At Bear Stearns, Bovin and Urfirer helped develop an acquisition strategy to transform DRS into a defense powerhouse from a company with annual sales of $20 million headquartered in a New Jersey shopping center. "When they decided to sell the company, it was just when Bear Stearns was collapsing," Bovin, 63, said. "And the CEO basically called us up and said, 'Look, you've gotten me here. This is the most important transaction in my life. I don't care where you are but you've got to get set up so you can help me." "And then we did a very complicated cross-border transaction. That was hard." Bovin and Urfirer were joined at Stone Key by former Bear Stearns colleagues later that year, soon after the investment bank's forced sale to JPMorgan Chase & Co <JPM.N>. "Six of us worked from home for a year," Urfirer, 51, said. "We didn't even have an office." "When we needed to get together, we got together," Bovin added. "We were pretty effective during that timeframe." The pair were interviewed by Reuters at the Harvard Club of New York, where they frequently convene for food or meetings. Both men are Harvard alumni. "You're sitting in the Stone Key conference center, and the Stone Key dining room is downstairs," Bovin joked. "We're very formal people, as you see." NEW KIDS ON THE BLOCK In the two years since the DRS transaction, Stone Key has brought in eight more bankers and has been involved in deals worth $6 billion -- roughly half of the $12 billion in global aerospace and defense deals in 2009-2010, according to Thomson Reuters data. When Urfirer and Bovin got together at Bear Stearns in 1994 -- Urfirer came First Boston and Bovin from Salomon Brothers -- defense sector dealmaking was dominated by Goldman Sachs <GS.N> and Morgan Stanley <MS.N>. So when the duo scooped the $5.2 billion sale of Martin Marietta to Lockheed during their first year together, "It was sort of, 'Who are those new kids on the block?'" Urfirer said. They then embarked on a series of major transactions that winnowed the top tier of the defense sector down to five players: Lockheed Martin, Raytheon <RTN.N>, General Dynamics <GD.N>, Boeing and Northrop Grumman <NOC.N>. Their deals in the mid-to-late 1990s included Lockheed Martin's $8.76 billion acquisition of Loral's defense business, Raytheon's $9.5 billion buy of Hughes Aircraft, and General Dynamics' $5.4 billion purchase of Gulfstream. "Our strategy was, we would get to know the customer better than our competition, and as well as our clients. So if you're selling to the government, we set out to understand the government. I spend a lot of time in Washington," said Bovin. Reading the tea leaves from the Pentagon is key when it comes to defense dealmaking. Last week, the Pentagon said it would welcome industry M&A amid tighter budgets, but not consolidation among the biggest contractors. Bovin's connection to the movers and shakers in Washington was so deep that he was tapped for the post of secretary of the Navy during second term of President George W. Bush. "At the very last moment I asked my name to be withdrawn," he said, without disclosing the reason. NOT JUST DEFENSE Bovin and Urfirer became so well known for their role in 1990s defense industry consolidation that they sometimes have to remind others that they know technology, too. Bovin, for example, counted the likes of Hewlett-Packard Co <HPQ.N> and IBM <IBM.N> as clients as chairman of Bear Stearns' technology, media and telecoms group until three years ago. Defense technology has become an area of intense dealmaking as arms manufacturers seek to address security threats targeting the nation's computer networks, power grids and infrastructure systems. The Pentagon has 15,000 computer networks that link more than 7 million machines. Meanwhile, software companies like HP, IBM and Symantec <SYMC.O> are eyeing takeover opportunities in defense as they seek to sell more to the government. "But you really don't know how to do that. It's just not like sending a salesman to see President Obama," Bovin said. "We're the guys who have a foot on both the government and commercial sides of the technology, so either side wants to know what we know about the other," Urfirer said. "There's a common theme that runs through a lot of these transactions -- those deals are on the cutting edge of where the government marketplace is going. It's not like two shipyards combining." Recommend Send IM Story Print Related Articles US-TECH Summary Reuters - 1 hour 29 minutes ago Microsoft CEO promises better Windows Phone Reuters - 1 hour 29 minutes ago Acer sees 2011 mobile PC market up 10-12 percent Reuters - 2 hours 54 minutes ago Microsoft says to bring full power of web to phones AFP - Tuesday, February 15 Stone Key drives cybersecurity dealmaking Reuters - Tuesday, February 15 News Search Top Stories Experiment volunteers 'walk on Mars' Palace intrigue: the last days of Mubarak's rule Obama eyes tax hikes, spending cuts to curb deficit Brazil footballer Ronaldo ends 'marvellous' career Russia kicks off new privatisation drive More Top Stories » ADVERTISEMENT Most Popular Most Viewed US golfer Woods finds old habits hard to shake Russia loses military satellite: reports US auto sales jump 17 percent in January Dow closes over 12,000 for first time since June 2008 Egypt's Mubarak to step down at September election More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 15 February 2011
South Darfur expels French NGO: governor
US-TECH Summary
Obama eyes tax hikes, spending cuts to curb deficit
Acer sees 2011 mobile PC market up 10-12 percent
Moscow metro roof-riding kills two
Brazil footballer Ronaldo ends 'marvellous' career
Microsoft says to bring full power of web to phones
Kremlin 'bans critical ballerina from TV'
Palestinian cabinet quits in reform move by Abbas |
Experiment volunteers 'walk on Mars'
Stone Key drives cybersecurity dealmaking
Racism trial exposes discrimination rift in France |
Nokia's strategy shift could cost 6,000 Finnish jobs: union
Small plane crashes in Honduras, killing 14 |
Motorola Mobility buys mobile software firm 3LM
Syria stonewalls on site IAEA wants to see: sources |
Lebanon's outgoing PM Hariri goes into opposition |
U.S. criticizes Myanmar government threat on Suu Kyi
Spanish police hold Nintendo 'blackmailer'
Protester killed in Bahrain Day of Rage: witnesses |
Microsoft CEO promises better Windows Phone
Judge's aide says Khodorkovsky verdict dictated |
UN urges 'permanent' Thai-Cambodia ceasefire
Samsung upsizes iPad rival, the Galaxy Tab
Myanmar up to 'old tricks' with threats to Suu Kyi: US
Motorola falls on report on cheaper iPhones
Nokia's strategy shift could cost 6,000 Finnish jobs: union
Taiwan's Tseng takes top spot ahead of Thailand opener
Motorola Mobility buys mobile software firm 3LM
Japan overtaken by China as No. 2 economy
Cambodia to ask UN to help secure ceasefire
Microsoft says to bring full power of web to phones
Bangladesh investors riot again as stocks plunge
Microsoft CEO promises better Windows Phone
Pakistan charges killer in blasphemy case
US-ENTERTAINMENT Summary
Twitter dismisses reports of Google interest |
Samsung upsizes iPad rival, the Galaxy Tab
Fight against radicals won't be tweeted
Grammy TV audience hits 11-year high
Motorola falls on report on cheaper iPhones
Jakarta sees more suicides ahead of Valentine's Day
Microsoft CEO promises better Windows Phone |
Pyramid guides urge tourists to return to Egypt
Indonesian terror suspect Ba'asyir raised $112k to fund terror
IBM's 'Watson' to take on Jeopardy! champs
Sony Ericsson unveils first PlayStation smartphone
RIM to offer PlayBook on more high-speed standards |
Budapest gay pride banned by police: organisers
Stone Key drives cybersecurity dealmaking |
Nokia's turnaround risks 5,000 Finnish jobs: union
See-through dress which snared a prince up for sale
Four-legged beauties open NY dog show
Radiohead ditch 'pay what you want' for new album
'Pan Negre' triumphs at Spain's Goyas film awards
Acer sees 2011 mobile PC market up 10-12 percent |
GM recalls 2,800 imported cars in China: report
N. Korea reduces capital's size: report
India's Satyam reports profit upturn, shares soar
India's Reliance Com quarterly profit halves
Repsol signs first Asian LNG supply deal
Pakistani rupee eases vs dollar; stock index flat
Top Korea think tank warns of more inflation pressure
Private equity group EQT buys Taiwan's Gala TV
Grammy TV audience hits 11-year high |
Shakespeare could have been filmmaker, Fiennes says |
One dead as Iran protesters clash with police
Tunisia coastguard accused of sinking migrant vessel
Clinton renews push for free use of Internet
Iran opposition protests, agency reports shooting
Court to hear challenge in Twitter-WikiLeaks case
Ecuador orders Chevron pay $8 bln over oil damage
Egypt's military seeks to restore stability |
Beckham libel and slander lawsuit dismissed
Military urges halt to strikes gripping Egypt
Mobile app store GetJar raises $25 million
Mystery bug claims more victims at Playboy mansion
Egypt's military seeks to restore stability
Huawei resisting calls to divest 3Leaf
Pakistan Islamists warn of protests if U.S. prisoner freed |
LG Elec targets 30 percent rise in 2011 handset sales
Lebanon's Hariri joins opposition ranks
Love and money fuels global Valentine's Day ardour
China openly backs North Korea succession plan: KCNA |
Lawsuit accuses Google of stealing trade secrets
Experiment volunteers 'walk on Mars'
Vimpelcom CEO sees high chance for Wind deal success
Police chief killed in Mexico's richest city |
Middle East and North Africa rocked by protests
Palace intrigue: the last days of Mubarak's rule
Chrome users can block unwanted websites
China official backs N. Korea succession: KCNA
RIM to offer PlayBook on more high-speed standards
Egypt 'faces wave of strikes'
Poignant Chinese AIDS film moves Berlin festival
World Cup hopes drive New Zealand rugby coach
LG Elec targets 30 percent rise in 2011 handset sales
China openly backs North Korea succession plan
Protesters back in Cairo's Tahrir Square
Spider-Man gets "Amazing" in new title
World Cup organisers act against online scalpers
Microsoft CEO promises better Windows Phone
Japan's ruling party seeks to punish powerbroker
Microsoft says to bring full power of web to phones
India, China growth race 'silly', says Nobel winner
Dell's margins in spotlight, Wall Street waits and sees |
Justin Bieber 3D film might get director's cut
Mobile app store GetJar raises $25 million |
Man ties machine on Day 1 of "Jeopardy!" showdown
IBM computer, Jeopardy! champ tied after first day
Man ties machine on Day 1 of Jeopardy! showdown |
Nature lends a hand as Pyeongchang readies for IOC
"Spider-Man" broadway sales up despite bad reviews
X-rays reveal why Van Gogh's yellows turn brown
Woman charged with trespassing at DeGeneres' home
Lawsuit accuses Google of stealing trade secrets |
Judge dismisses Beckham's libel suit against magazine
Sandler edges Bieber at box office
LG Elec targets 30 percent rise in 2011 handset sales |
Charlie Sheen says ready to return to TV sitcom
Huawei resisting calls to divest 3Leaf |
Seoul shares slip after volatile trade; LG Elec up
Bank of Japan upgrades economic view, holds rates
China says January inflation remains high at 4.9%
Korea Line says in court receivership
Pakistan
Asia Naphtha-S Korea S-Oil to sell spot;LG Chem, Honam seek lots
Japan Inc's profit surges: survey
Justin Bieber 3D film might get director's cut |
Charlie Sheen says ready to return to TV sitcom |
S.Korea Jan LNG, coal imports jump on power demand
Oscar ad spending bill $720 million in last decade |
Seoul shares slip after volatile trade; LG Elec up
Canada minister to make statement on Globalive ruling
Save money but lose weight with Korean banks
US request for Twitter account details 'outrageous': Assange
Spider-Man broadway sales up despite bad reviews |
Man ties machine on Day 1 of Jeopardy! showdown |
Commercial launch for multi-firm WAC mobile apps group
Woman charged with trespassing at DeGeneres' home |
Spider-Man gets Amazing in new title |
Tunisia coast guard accused of ramming migrant boat
Iran lawmakers urge death for opposition leaders
Nokia aims for Windows phone by year-end
Two killed as more Bahrain protests called
Tech therapy for smartphone-stressed mobile operators
US picks new Afghanistan-Pakistan envoy: report
Eurozone economy sputters in fourth quarter
HTC unveils 5 smartphone models, tablet
Egypt's Mubarak in failing health: paper |
Blast at shopping mall in Afghan capital kills 2
Mobile Fair-Nokia CEO says aiming for Windows phone by year-end
Wiz Khalifa earns first-ever #1 single on Billboard Hot 100 with "Black and Yellow"
San Francisco and Miami top list of the sexiest cities in America
Berlusconi to face trial over prostitution scandal |
Lindsay Lohan pleads not guilty to felony grand theft charges
Taliban warns Pakistan against releasing U.S. prisoner
Iran MPs want death penalty for opposition leaders |
Nicki Minaj earns first week at #1 on Billboard albums chart with “Pink Friday”
American murder suspect 'protests' prayer call in jail
Tunisia struggles to tame revolutionary spirit |
Pavilion celebrates Taiwan's centennial
Over 200 dead in south Sudan massacre: officials |
Clinton picks new U.S. envoy to Afghanistan, Pakistan
Thousands of protesters march to Bahrain capital |
South Korea winter resort city confident on third bid
Argentina, US in diplomatic spat after cargo seized
Protesters and loyalists clash in Yemen |
Irish actor T.P McKenna dies aged 81
German admits to fathering 7 with step-daughter |
Japan to speed up recovery of Iwo Jima war remains
Anna Nicole Smith to crash genteel world of opera
Dalai Lama's nephew killed in US accident
Iranian drama cheered at Berlin fest
Philippines start new peace talks with Maoists
Rocker Slash to sell car, guitars in auction
US-South Korea war games amid tensions with North
Street cricketers live by their own rules
Taiwan's AU Optronics pushes into solar energy
Long-awaited Philippine peace talks resume
Bryan Adams Delhi gig cancelled at last minute
Pakistan to announce results of PIBs on Tuesday
Asian literary prize shortlist to be unveiled
Higher rates won't worsen household debt -official
Apple rolls out digital subscription service |
Oscar ad spending bill $720 million in last decade
S.Korea court rejects first tobacco lawsuit
Nokia aims for Windows phone by year-end |
America Movil eyes Polkomtel |
Kirin to sell shares in Chinese brewer
Asia Naphtha-S Korea Honam, LG Chem wrap up March spot purchases
HTC unveils 5 smartphone models, tablet |
Huawei leaves US deal's fate to Obama: report
Sirius XM's revenue outlook falls short |
Anti-immigration activist guilty of murdering father, child in home invasion
Report: FDA oversight weak of medical devices
Study suggests ecstasy does not harm cognitive ability
Obama unveils $3.73 trillion budget proposal for 2012
Mother, son found dead in dumpster
Dalai Lama's nephew killed by car in Florida
iPad bumps off Netbook as hottest gadget
New Spider-Man movie gets "Amazing" official title
Wal-Mart downgrade pulls Dow down
Senate could reveal classified information on Fort Hood shooting
Anna Nicole Smith to crash genteel world of opera |
Gang Of Four seek contentment on new album |
Princess Di's brother Earl Spencer to marry again |
Moving Iran drama lights up Berlin film festival |
Cassavetes to direct film about drug dealer Rick Ross |
Rocker Slash to sell car, guitars in auction |
Irish actor T.P McKenna dies aged 81 |
Obama generates Beatles style excitement among students
China, Colombia eye Pacific-Atlantic rail link to boost Asia-Latin America trade
Missed Celebrating Mistress Day? Look At The List Of The Top 10 Mistresses
Italy to send troops to Tunisia to block asylum seekers
Obama wore Gibbs’ tie during 2004 Democratic National Convention
Granddaughter seeks share of Einstein estate profits
Ethics gaffs prompt Sarkozy to ban French ministers from taking any foreign holidays
John Daly's new golf bag is straight out of the Caddyshack movie
Away from the cities, Saudi Women take to the roads despit ban on women drivers
Pirates free Korean ship after hostages could no longer be fed
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01