Bank of America related stories
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Lehman raises $670m for ‘hung bridge’ fund(2)Lehman Brothers is following the example of Golman Sachs, KKR and others in launching a fund that will pick up deal-related debt at a discount.
- Baird and Lubar to sell healthcare design firm for $247m
Baird Capital Partners and Lubar & Co. will contribute $85 million in rollover equity to finance the acquisition by REIT Cogdell Spencer.
- JC Flowers LPs could pay $192m for Sallie Mae breakup(4)
JC Flowers reportedly sent a letter to its limited partners today telling them they may have to pay $192 million in breakup fees to Sallie Mae.
- BC Partners closes $16.5bn Intelsat deal
The European buyout firm has renegotiated the financing terms of the deal signed in June despite its highly leveraged and aggressively structured package.
- Kaupthing drops €3bn NIBC acquisition
US buyout firm JC Flowers has been unable to sell the Dutch bank, despite agreeing a deal in August. The cancelled deal may dampen Flowers’ interest in UK bank Northern Rock and UK insurer Friends Provident.
- CalPERS inks secondary deal with five buyers
The highly anticipated secondary market sell-off of a portion of CalPERS’ massive private equity portfolio has begun, with publicly traded Conversus acquiring $200 million in mostly special-situation fund interests. Oak Hill and three other firms also purchased fund interests, details of which remain opaque even to secondary market insiders.
- JC Flowers LPs could pay $192m for Sallie Mae breakup(3)
JC Flowers reportedly sent a letter to its limited partners today telling them they may have to pay $192 million in breakup fees to Sallie Mae.
- Sallie Mae rejects lower bid(4)
Sallie Mae has rejected a revised bid from the JC Flowers-led consortium that would have cut the value of the $25 billion buyout by up to $4 billion.
- TPG to pay $1.3bn for Canadian drug firm
Axcan Pharma has agreed to be taken private by TPG in a transaction valued at $1.3 billion. It’s the firm’s third healthcare acquisition this year.
- JC Flowers LPs could pay $192m for Sallie Mae breakup(2)
JC Flowers reportedly sent a letter to its limited partners today telling them they may have to pay $192 million in breakup fees to Sallie Mae.