Bank of America Merrill Lynch related stories
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GS, TPG to take Alltel private for $27.5bnTPG and Goldman have agreed to buy US wireless provider Alltel for $27.5 billion, the largest-ever private equity deal in the telecom sector.
- Buyout firms circle New Look
Several buyout firms including The Blackstone Group and CVC Capital Partners are reportedly battling it out in a £2 billion auction of UK fashion retailer New Look. The deal could make up to £1.3 billion for New Look’s owners Apax Partners and Permira.
- Terra Firma lands Pegasus for $5.2bn
Guy Hands’ buyout firm is creating the world’s third largest airplane leasing company with an enterprise value of around $7.5bn by merging Pegasus and AWAS, an existing portfolio company.
- USS invests $200m in Partners Group
USS makes a $200 million (€149 million) investment in Partners Group’s new hedge fund of funds strategy that is being replicated by other large financial houses.
- Hertz backers cash in $1 billion of shares
Three private equity firms will raise up to $1 billion by cashing in their shares in US car rental company Hertz, while retaining a majority stake. It is the third time they have taken money out of the business.
- TPG and Warburg Pincus after New Look
US buyout firms TPG and Warburg Pincus have teamed up to bid for UK clothing firm New Look, which may lead to less competition for the store in the upcoming auction.
- BC Partners buys Foxtons
BC Partners has bought Foxtons for approximately £400 million (€585 million, $790 million) after a six month bidding process.
- Greek group eyes €5bn for SE Europe
Greek investment group Marfin wants to raise over €5 billion via a rights issue for investments in South East Europe – and then put the entire sum to work within just 12 months.
- Debenhams chief voices “whipping boy” fears(2)
Following another poor set of results and another share price fall, Debenhams chief executive Rob Templeman fears that his company is being made a scapegoat for private equity buyouts.
- PEP leads consortium to buy Veda(2)
Merrill Lynch has joined forces with Pacific Equity Partners to make its first foray into the Australasian private equity market, with a $659 million offer for credit checking company Veda Advantage.