Bank of America related stories
All articles and analysis
Former US defence head to launch fundWilliam Cohen, secretary of defence during the Clinton administration, is forming a merchant bank and planning to raise $300 million for defence investments.
- Apax, Cinven agree €2bn VNU buyout
VNU, the Dutch information and media company, has agreed to sell its World Directories business to private equity firms Apax Partners and Cinven for just over €2bn.
- CD&R to buy Culligan from French parent
Clayton Dubilier & Rice, the US-based global investor, says it has reached a definitive agreement to acquire Culligan International from Veolia Environnement of France for $610m.
- The turnaround specialist
Douglas MacDonald of The MacDonald Partnership has worked hard to promote the provision of finance to ailing UK companies. Here he tells Andy Thomson that the growing phenomenon of ‘debt forgiveness’ is creating a culture more conducive to business rescues.
- CD&R completes $1.65bn VWR deal
Clayton, Dubilier & Rice takes over the laboratory supplies company from pharmaceuticals group Merck, putting $450m of its own equity toward the deal.
- BACPE acquires add-on for Enricau Group
BA Capital Partners Europe (BACPE), the European private equity arm of Bank of America, has acquired French automotive services firm César Vuarchex.
- Kansas bank in $672m buyout
The Cypress Group and CSFB Private Equity join a banking veteran in agreeing to buy Gold Banc, a community bank, off the public market.
- US fundraising drops by a quarter
US private equity firms raised $44bn in 2003, down 26 percent from $59bn raised by US general partner groups the year before 2002, according to research.
- ABN Amro Capital hires in Spain
The Spanish unit of the Dutch bank’s private equity business has hired former Merrill Lynch M&A professional Héctor Pérez Berjano as an assistant director of its Madrid office.
- BACPE buys Finnish media group
BA Capital Partners Europe, the private equity arm of Bank of America, has acquired a 93.7 per cent stake in Finland’s Janton, a quoted distributor of unaddressed email and publisher of free sheet newspapers.