Bank of America related stories
All articles and analysis
BC loses control of FoxtonsAfter more than a year of dicussions, high-profile London estate agents Foxtons has undergone a capital restructuring that sees its lenders own the majority of the equity.
- London deal ends busy year for CD&R
The nearly £400m buyout of used-car dealership BCA means Clayton Dubilier has invested the first $1bn of its new $5bn fund.
- China Pacific IPO reaps $3.1bn
The IPO implies a 6x paper return for second largest shareholder The Carlyle Group, which is subject to a one-year lock-up period and has no intentions to ‘rush for the door’.
- GA, Colony purchase US retail bank
The two private equity firms have partnered with First Republic’s management to carve out the group from BofA for a reported $1bn.
- Merrill Lynch $5bn Asia platform down to two
LaSalle Investment Management and ING Real Estate Investment Management remain on a whittled-down shortlist to buy the management of the Wall Street Bank’s Asian Real Estate opportunity Fund and its other Asian real estate holdings.
- Ex-Lexington pro joins nascent secondaries firm
Philip Durden has joined former Oak Hill partner James Hale at Aldenwood Group, which next year will seek to raise a sub-$1bn secondaries fund.
- Blackstone to pay $2.7bn for theme park operator
The firm will use $1bn in equity in to purchase Busch Entertainment's 10 US theme parks, including Sesame Place, SeaWorld and Busch Gardens.
- Blackstone in $780m building materials deal
In its second US private equity deal this year, the mega-firm will back Summit Materials alongside Silverhawk Capital and former BHP Billiton CEO Charles ‘Chip’ Goodyear.
- Merrill Lynch private placement team to spin out
Michael Ricciardi, Enrique Cuan and Alan Pardee will lead the 24-strong team for Mercury Capital, which will raise private equity, private equity real estate and infrastructure funds globally.
- Merrill Lynch signals end of Asia real estate platform
As well as selling the management of its Asian Real Estate Opportunity Fund, the bank is also offering for sale the management of all the remaining assets in the region on its balance sheet.