What is the implication of credit crisis on M&A activitites? And where can I read about deals?

At the height of the crisis, European M&A activity fell by circa 70% month-on-month, as the market for private equity deals relying on debt issuance fizzled out.

Going forward, an interesting shift in the acquisition paradigm could involve hedge funds directly undertaking (and holding on to) the debt to finance the private equity deals, thus cutting out investment banks altogether (see Hellman & Friedman's buyout of Goodman Global)

Thanks wishbone, do you know where can I read for a recent healthcare M&A transaction - to prepare for an interview? S

cfo.com has a free weekly roundup of the top 10 m&a deals of that week, with a short blurb about each. then after that just search the usual publications for more info.