Bank of America related stories
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Bank of America to set up $1bn private equity fundBank of America has jumped on the private equity bandwagon, filing forms with the SEC for a $1bn private equity fund.
- Alchemy nears £150m first close for distressed debt fund
The London-based buyout firm is nearing a first close of a new fund targeting £250m for distressed opportunities in Europe.
- Sovereign adds to deal team
Sovereign Capital, a London-based mid-market private equity firm, has increased its investment team to 17 with the appointment of investment manager Mark Williams.
- Ares, JP Morgan sell House of Blues
After being recapped by JPMorgan Partners and Ares Management in 2004, House of Blues Entertainment has been sold for $350 million.
- Blackstone ties up three deals worth $11bn in a day
The Blackstone Group, the US alternatives manager, has put its latest mega buyout fund to work with $11bn invested in three US deals in a day, quashing critics’ concerns that it would struggle to invest such a large pool of capital.
- The song is mine
Michael Jackson’s Beatles catalogue has once again come to his rescue—this time keeping him out of bankruptcy and foreclosure by New York hedge fund Fortress. By Aaron Lovell.
- Liquid in largest real estate secondary deal ever
The San Francisco-based real estate secondary firm has acquired a UK portfolio of assets for $775m, believed to be the largest secondary transaction to date in the private equity real estate sector.
- Bain in $3bn Texas Instruments deal
Boston-based Bain Capital has inked a deal to carve out the Sensors & Controls business of Texas Instruments for $3bn.
- TH Lee, underwriters named in suit
French businessman Gerard Sillam has named Thomas H. Lee Partners and the underwriters of Refco’s IPO in a recent lawsuit.
- Carlyle strengthens US leveraged finance
The US-based private equity house has hired the former CFO of Bank of America to boost its leveraged finance operations.