Bank of America Merrill Lynch related stories
All articles and analysis
Debenhams chief voices “whipping boy” fearsFollowing 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.
- European Venture Partners re-brands, closes third fund
European Venture Partners, a provider of venture debt products, has changed its name to Kreos Capital and has closed its third fund on €200m.
- PEP leads consortium to buy Veda
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.
- Apax, Morgan Stanley up bid for US insurance firm
Apax Partners and Morgan Stanley Principal Investments have increased their offer for Hub International, as they look to ward off the threat of a competing bid.
- New Look set for £2bn secondary sale
Permira and Apax Partners have reportedly decided to sell rather than float their £2 billion-rated UK fashion retailer New Look, after the company’s management expressed a preference to remain privately-owned.
- KKR agrees $29bn First Data deal
US buyout firm Kohlberg Kravis Roberts has signed yet another mega-deal, agreeing to pay $29 billion for First Data, a US listed electronic payments business. It has now signed up to over $100 billion of deals in a matter of weeks.
- Blackstone files for $4bn IPO
The Blackstone Group is set to raise $4 billion through an initial public offering on the New York Stock Exchange, confirming earlier reports that it would follow in the footsteps of Fortress Investment Group.
- Candover backs out of Auto Trader bidding
Auto Trader, a car sales business owned by the UK-based Guardian Media Group, is expected to be valued at up to £1.3 billion when final bids are submitted tomorrow. The price has reportedly frightened off one interested party.
- Debut Centerbridge deal grows by $500m
An investor group including the Blackstone and Angelo Gordon spin-out Centerbridge has agreed to pay EGL shareholders an additional $2 per share than originally offered for the transportation company.
- Apax wins Auto Trader race
Apax Partners has become the second buyout firm to invest in Trader Media, a specialist publishing arm of the Guardian Media Group. It has bought a 49.9 percent stake, in a deal that values the company at £1.35 billion.