Bank of America related stories
All articles and analysis
Norwest in two dealsMinneapolis, Minnesota-based Norwest Equity has invested alongside Lightyear Capital construction equipment rental firm Neff in a $900 million transaction, and simultaneously announced the sale of logistics services provider Jacobson Companies to Oak Hill.
- Argan buys Polish security firm
Argan Capital, a buyout firm spun out of Bank of America last year, has made its third acquisition since leaving the American bank, Polish security company AAT Group.
- Tishman Speyer, Lehman to acquire REIT for $22bn
The acquisition of Archstone-Smith, the second largest publicly traded apartment owner in the US, will be one of the largest REIT privatisations in history.
- Asset-based lending could hit £1 billion
Private equity in the UK will be increasingly supported by asset-based lending, a financing technique that allows companies to borrow against their assets.
- Pessina banks windfall from Boots deal
Alliance Boots deputy chairman Stefano Pessina is set to land a windfall of more than £600 million if his take-private bid for the group is accepted – roughly the same amount that may be required to plug the company’s current pension deficit.
- Crestview to acquire surgical facility operator for $637m(2)
New York-based Crestview Partners, a Goldman Sachs spin-out, has agreed to acquire Symbion, a US operator of short stay surgical facilities, for $637 million.
- Sallie Mae agrees $25 billion buyout(2)
US student loan provider Sallie Mae has accepted a $25 billion buyout offer from a private equity consortium led by JC Flowers, contradicting an earlier claim that The Blackstone Group was likely to buy the company.
- Mezzanine Management makes third realisation of 2007(2)
Mezzanine Management, Europe’s oldest independent mezzanine investor, has sold XServ, a US provider of maintenance services to chemical and industrial facilities, to Texan trade buyer The Brock Group.
- Scale Venture closes $400m second fund(2)
The Bank of America spin-out has closed its second fund, and transferred the ownership of its portfolio from the banking giant to 12 new limited partners.
- Norwest Equity promotes two(2)
The Minneapolis, Minnesota-based firm has promoted two of its investment professionals, one to the level of partner and one to principal.