Bank of America related stories
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Cerberus to take private United Rentals for $6.6bn(3)United Rentals, the world’s largest equipment rental company, has agreed to be purchased by Cerberus in a $6.6 billion transaction.
- BoA, Credit Suisse, UBS back private exchange
Credit Suisse, Bank of America and UBS have joined Citi, Lehman, Merrill and Morgan in sponsoring the OPUS-5 private exchange.
- BofA names head of private equity division
Subsequent to its acquisition of wealth management firm US Trust, Bank of America has chosen James Bowden, previously head of its fund-of-funds business, to lead its newly enhanced private equity division.
- Bain in $1.8bn kitchen and bath deal(2)
Bain’s portfolio of household-name retail brands is poised for growth with a $1.8 billion agreement to acquire American Standard’s kitchen and bath division.
- Cerberus to take private United Rentals for $6.6bn(2)
United Rentals, the world’s largest equipment rental company, has agreed to be purchased by Cerberus in a $6.6 billion transaction.
- Metalmark in $675m natural gas exit
Metalmark has sold Cantera Natural Gas, a portfolio company it created through a series of acquisitions, to Copano Energy.
- Bain in $1.8bn kitchen and bath deal
Bain’s portfolio of household-name retail brands is poised for growth with a $1.8 billion agreement to acquire American Standard’s kitchen and bath division.
- $26bn Sallie Mae deal under threat(3)
The JC Flowers-led consortium trying to buy US lender SLM Corp for $26 billion threatened to pull its bid yesterday, knocking almost 10 percent off the share price, as US lawmakers proposed a bill to slash student loan subsidies.
- Cerberus to take private United Rentals for $6.6bn
United Rentals, the world’s largest equipment rental company, has agreed to be purchased by Cerberus in a $6.6 billion transaction.
- Banks lose billions from buyout financings
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.