Bank of America related stories
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Ridgemont inks fourth deal since spin-outThe firm has purchased a majority stake in Gallus BioPharmaceuticals, its fourth acquisition since spinning out of Bank of America last August.
- BofA to spin off $5bn Merrill PE group
BAML Capital Partners, which has been overseen by James Forbes, will become an independent firm and eventually raise third-party capital. Forbes will stay with BofA.
- Private equity regroups after Japan quake
With Japan still reeling from the largest earthquake in its history, private equity business in the country has been put on pause.
- Secondaries pricing climbs in H2 2010
The average bid price for buyout funds rose to about 90 percent of NAV in H2 2010, ending a year that recorded a record $20bn of secondary volume.
- Alcuin collects £81m for third fund
The London-headquartered firm, which has backed companies such as Caffè Nero, is nearing its £100m target.
- Spotlight 2011: Telecom slowdown
The spike in telecom deals during 2010 won’t carry over into 2011, but the sector should continue to perform well, says Ridgemont’s George Morgan.
- Lexington buys Lloyds’ £470m PE portfolio
Lexington will purchase 33 LP stakes, most of which Lloyds had reportedly acquired when it took over HBOS.
- Pantheon backs Goldman spin-out
Former Goldman exec Martin Chavez has co-founded New MainStream Capital, which has $250m to invest.
- CalPERS invests $190m in Brazil with Hines
Hines closes another Brazil real estate account with the California Public Employees pension fund. CalPERS has invested more than $380m to target Brazil with Hines over the past five years.
- Report: Hopu to close for business
The Chinese firm, led by Fang Fenglei, is reportedly winding down after just one fund as two of the three founding partners plan their retirement.