Bank of America related stories
All articles and analysis
Cerberus axes $6.6bn United Rentals buyoutCerberus is joining KKR, Goldman Sachs and JC Flowers to become the latest buyout firm to walk away from a megadeal agreed before the liquidity crisis.
- Banks lose billions from buyout financings(4)
Several US investment banks this week revealed billions in losses stemming from unsyndicated leveraged loans, while a new study has found Lehman Brothers is significantly more overextended than its peers.
- Metalmark in $675m natural gas exit(3)
Metalmark has sold Cantera Natural Gas, a portfolio company it created through a series of acquisitions, to Copano Energy.
- Flowers spurns Sallie Mae
The student loan giant has said the JC Flowers-led group that walked away from a previously agreed buyout has rebuffed its offer to renegotiate a deal. Sallie Mae will continue its legal action to force the consortium to pay a $900 million breakup fee.
- Banks lose billions from buyout financings(3)
Several US investment banks this week revealed billions in losses stemming from unsyndicated leveraged loans, while a new study has found Lehman Brothers is significantly more overextended than its peers.
- Palamon hires leverage expert
Anthony Gardner, an experienced debt banker, is joining Palamon Capital Partners from Bank of America as banks become increasingly risk averse.
- Banks lose billions from buyout financings(2)
Several US investment banks this week revealed billions in losses stemming from unsyndicated leveraged loans, while a new study has found Lehman Brothers is significantly more overextended than its peers.
- Blackstone mulls Sallie Mae bid
Alternative asset manager The Blackstone Group is reportedly preparing a bid for US student loan provider Sallie Mae, once it resolves its dispute over a JC Flowers-led consortium’s abandoned $25 billion bid.
- Metalmark in $675m natural gas exit(2)
Metalmark has sold Cantera Natural Gas, a portfolio company it created through a series of acquisitions, to Copano Energy.
- Lehman raises $670m for ‘hung bridge’ fund
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.