Bank of America Merrill Lynch related stories
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All for one and one for allThere is such a thing as too much choice. NASDAQ's consolidation of the burgeoning private exchanges should increase liquidity and provide a better deal for investors and firms alike, writes Nicholas Lockley.
- Report: BlackRock founder offered top spot at Merrill
Laurence Fink, former Blackstone partner and founder of publicly traded investment firm BlackRock, has reportedly been offered the chief executive position at Merrill Lynch. Fink is also said to be a candidate for the same job at Citi, as both US banks seek to replace CEOs in the wake of multibillion dollar write-downs.
- Lazard launches maiden India private equity fund
The US investment bank is making its first private equity-focussed move into Asia with a $300m India fund.
- Platinum to buy Delphi division for $190m
Tom Gores’ Platinum Equity will pay $190 million to acquire the steering and half-shaft business of Delphi Corporation, as part of the General Motors spinout’s emergence from bankruptcy.
- Montreux closes fourth life sciences fund on $250m
The Silicon Valley venture firm has more than doubled its capital under management with closure of its fourth fund.
- ACON earns 13.5x on Brazilian supermarket
TPG-affiliate ACON Investments has completed its second exit from a Latin American supermarket chain, with the sale of GBarbosa to strategic buyer Cencosud.
- Quadrangle Capital Partners and GS Capital Partners team up for cable business
The US firms have helped Candover to a 2.2 times return and an internal rate of return of about 50 percent on the sale of Get, the European firm's first exit from its 2005 fund.
- BoA, Credit Suisse, UBS back private exchange(2)
Credit Suisse, Bank of America and UBS have joined Citi, Lehman, Merrill and Morgan in sponsoring the OPUS-5 private exchange.
- Evercore continues Europe expansion
Advisory firm Evercore Partners has added an eighth member to its Europe team, one year after launching its business on the continent.
- Eurazeo’s revenues rise to €830m in third quarter
French investment firm Eurazeo’s consolidated revenues rose across the board with buyouts contributing 97.1 percent. The firm recently rejigged its financing package for its €2.3 billion Elis bid in response to the credit crunch.