Tom Roberts of Weil Gotshal on the Buyout Market

Last March, I mentioned my friend Tom Roberts (right), the lead partner in corporate and M&A at Weil, Gotshal & Manges in New York.  Tom's comments are featured in this week's Time in connection with the tailing off of the hottest buyout cycle in history.  Says Tom:  "There has never been a buyout market that has been this frothy.  [It] looks like it's at the top."

I now understand why he has not returned my calls for two years.

[Jeff Lipshaw]