Bank of America Merrill Lynch related stories
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Charterhouse refinances Saga ahead of flotationThe London-based buyout firm is understood to have recouped its equity investment in over-50s leisure and finance company Saga.
- Consortium increases offer for AWG
A consortium including 3i and the Canada Pension Plan Investment Board has increased its offer for UK water utility AWG from £15.55 to £15.78 as banks including Merrill Lynch and Macquarie Bank show interest in the event of failure to acquire rival business Thames Water.
- Tokyo offices on the rise
Japanese property company DaVinci has acquired 40,000 square meters of office space in central Tokyo from Hong Kong businessman Richard Li. Has the city’s office market bounced back? By Aaron Lovell.
- Hogg Robinson sets price range for October flotation
Hogg Robinson, a UK business travel company majority owned by European buyout firm Permira, has set a price range for its planned October flotation, valuing the business at around £380m.
- Coles Myer shares slip after board rejects private equity takeover bid
Shares of Coles Myer has traded lower after the second largest Australian retailer rejected an indicative A$17.4 billion bid put forward by a private equity syndicate.
- Charterhouse to reap £500m on Saga refinancing
Charterhouse is set to return £500 million to shareholders with a refinancing carried out by Merrill Lynch less than two years after acquiring the over-50s insurance and leisure group.
- Permira to sell 50% of stake in Hogg Robinson float
Permira, Europe’s largest buyout firm, is planning to float portfolio company Hogg Robinson later this month with an expected market cap of £400m to £450m.
- ’Healthy’ firm seeks Fund IV
North Castle Partners, the Connecticut ‘healthy living and aging’ specialty investment firm, has entered the market with a $300m target for a new fund.
- KKR to set double record with €8.3bn Philips deal
US buyout firm KKR is re-writing the record books with Europe’s largest single equity investment to fund the buyout of Philips’s semiconductor unit, underwritten by Europe’s biggest junk bond sale.
- Alpha raises €109m for CEE fund
Alpha Associates, a Swiss private equity fund of funds manager, has raised €109m for a first close of its €300m targeted second Central and Eastern Europe-focused fund of funds.