heine's berkshire hathaway which was fascinating. there was a hedge fund involved. nbc universal comcast. but what will the deals look like in 2014? would it be private equity players? >> i think actually sponsors this year, as we call them, private equity players have actually had a very good track records of monetizing their existing investments, but they have also raised more money from their limited partners in part because they succeeded in returning capital to them. they have a lot of dry powder and, perhaps, on the buy side they should be more active overtime which i think will create continued activity on their side. that said, a leveraged companies are little bit challenging. liz: del. >> del is a perfect example of that process was. that said, there are still a lot of other types of deals that they are involved in, purchasing subsidiaries, using exact -- using existing to buy investments. morses silverlake by ing this week as an example of that several like putting more money into target. and those types of deals happening. i think it will increase. as a buy we had a gr