Bank of America Merrill Lynch related stories
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CVC raises £267m from Halfords IPOCVC Capital Partners, the pan-European private equity firm, has raised £266.7 million from the IPO of Halfords, the UK car parts and bicycle retailer.
- Loren Boston joins Merrill placement arm
Citigroup’s former chief fundraiser has moved to Merrill Lynch as head of private equity origination, working under the bank’s fund placement doyen Kevin Albert.
- Soros backs new Spanish venture
Soros Private Equity has agreed to help two Spanish financiers launch a new private equity vehicle focussing on investment opportunities in Spain and Portugal.
- Blackstone nabs CSFB pro to oversee portfolio
DLJ Merchant Banking’s James Quella jumps ship to Blackstone to monitor the performance of the private equity firm’s portfolio companies.
- TDR Capital ‘exceeds’ €500m fund target
TDR Capital, the private equity firm set up by former DB Capital executives Manjit Dale and Stephen Robertson, has announced a final closing “in excess of” its €500m target.
- ‘Staffed-up’ Texas Pacific closes $5.3bn fund
Non-US investors, and an emphasis on operations and succession planning lead to fundraising success.
- Lazards builds buyout business
The independent investment bank has reportedly started a recruitment campaign to build a presence in the European buyout market.
- Terra Firma holds final close on €2bn
After 21 months on the fundraising trail, Terra Firma has closed its debut fund on €2bn and is now preparing to invest it in up to ten deals over the next three years.
- TDR Capital pursues second restaurant deal
The UK-based private equity firm has confirmed that it is evaluating a possible offer for ASK, the UK restaurant chain, at a premium to the £168m offer made by City Centre Restaurants last month.
- Candover sells Baxi to BC
Candover has sold its interest in Baxi, returning just under two times its investment, while joint owner Electra has agreed to stay in the deal alongside new owners BC Partners.