Bank of America related stories
All articles and analysis
Depressed lending markets present opportunities for private equity$1tr in leveraged loans has been affected by the collapse in investment banking, which has left the sector with far fewer sources of lending than before.
- Judge approves auction for Lehman's investment management division
The auction for Lehman's Neuberger Berman and units including private equity fund of funds and secondaries, as well as infrastructure, will proceed despite objections from Carlyle over a $2.15bn bid from Bain and Hellman & Friedman.
- Bank bailout may boost private equity opportunities
While its full impact remains unclear, the US goverment's intent to buy $250bn in bank equity stakes could create lucrative co-invesment opportunities for private equity firms.
- Bank of America names Moynihan head of private equity
The US bank will combine its $7.4bn private equity business with other divisions to create an entirely new unit after the merger with Merrill Lynch is complete. John Thain, the chief executive and chairman of Merrill Lynch, will become the president of the bank's global banking, securities and wealth management team.
- L Capital sells French video game retailer to GameStop
GameStop, which operates 5,889 stores in the US, Canada, Australia and New Zealand, will now have 1,077 stores throughout Europe, including in Ireland, Spain, France and Switzerland.
- Report: Bain, Clayton Dubilier, Hellman eye Lehman private equity unit
The private equity firms are reportedly in discussions to buy Lehman’s investment management unit, which includes its $30bn private equity portfolio. The price of the investment management arm, around $5bn last week, may come down after Lehman’s bankruptcy filing today.
- Merrill’s $6bn private equity arm in limbo
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch. A spokesman said it is ‘too early’ to tell whether the deal will include the investment bank’s private equity portfolio, or if it will spin out as an independent firm, as did Bear Stearns Merchant Banking.
- Lehman to pursue merchant banking sale
Talks to sell a stake in the bank’s investment management division, including a $30bn private equity portfolio, will continue, despite its march toward insolvency.
- Report: JC Flowers, China, BofA join for Lehman
The financial services private equity firm is working with China's sovereign wealth fund and the major US bank on a joint bid, according to a report from the Financial Times.
- Madison Dearborn’s Hines files Chapter 11
The Southern California plant nursery operator, partly owned by CalSTRS, has selected turnaround specialist Black Diamond as its stalking horse bidder. Hines has also secured $62 million in debtor in possession financing from its lenders, which include Cerberus-owned GMAC Commercial Finance.