Bank of America Merrill Lynch related stories
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Fortress to raise $200m in public stock offeringThe publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.
- Report: Hopu, Temasek buy into CCB in $7.3bn deal
A reported 6% stake sale by Bank of America in China Construction Bank has allowed Temasek to increase its 5.6% stake. For Hopu, it marks its second investment in a Chinese bank this year.
- Merrill sells venture debt interest
Investment bank Merrill Lynch has sold €150m-worth of limited partner interests in Kreos III, a €200m European venture debt fund.
- NY State disgorges placement fee details
State comptroller Thomas DiNapoli today released details on 94 funds to which disgraced former comptroller Alan Hevesi committed capital, alongside the names of placement agents and the fees they were paid. It is the most detailed disclosure yet in the wake of the Henry Morris pay-to-play scandal.
- Former KEMA director to head Blackstone fundraising advisory
The private equity firm has hired Tom Kelly, a former KEMA Partners managing director, to head a new initiative providing fundraising services to a range of different businesses.
- 3i mulls rights issue
The listed British private equity investor has confirmed that it is considering a rights issue, following media reports that the firm is looking at raising up to £700m.
- Investment in China climbs 78%
China's real estate sector has expanded in terms of investment deals, with $25bn of property transactions in the first half of the year. However it has been mainly driven by domestic investors. Deals by foreign firms declined by more than two-thirds over the past year.
- BlueGem enters FIG sector with fourth deal
The UK- and Italy-focused Merrill Lynch spin-out will pay £17m for a 40% stake in Panmure Gordon, a 133-year-old mid-cap stockbroker and investment bank.
- Merrill Lynch veteran to head BofA private equity
Bank of America has made 14-year Merrill Lynch veteran James Forbes the head of its real estate and private equity business.
- Head of Merrill Lynch Real Estate in Asia quits
Tim Grady, the head of global commercial real estate in Asia Pacific for Merrill Lynch has quit in the latest personnel change since the bank was acquired by Bank of America last year.