Posted on: December 13, 2011 by Angela Sormani
Lenders to Endemol look set to take over the Dutch TV show producer in a debt-for-equity swap, rejecting Time Warner‘s new 1 billion euro ($1.3 billion) bid, writes Reuters. Silvio Berlusconi’s Mediaset, Goldman Sach’s Capital Partners and Cyrte Investments agreed to buy Endemol in 2007 for 2.6 billion euros. Barclays Capital, Credit Suisse, Goldman Sachs, [...]
Tags: ABN AMRO, Barclays Capital, Credit Suisse, Cyrte Investments, Goldman Sachs, Goldman Sachs Capital Partners, Lehman, Merrill Lynch
Posted on: September 19, 2011 by Luisa Beltran
Landon Stone has joined CAIS as chief operating officer and general counsel. Stone was previously a director in Merrill Lynch’s alternative investment origination and product management group. New York-based CAIS is a financial technology company that provides an investment platform for the wealth management industry.
Tags: CAIS, Merrill Lynch
Posted on: January 5, 2011 by Jonathan Marino
Selling: British defense contractor BAE Systems is dealing its platform solutions division, possibly to PE firm Warburg Pincus
Buying: And, the Atheros-Qualcomm deal
Growing: At CES, they’re talking about another year of double-digit growth for consumer electronics sales
Trading: Overseas, stocks did not impress, the Euro weakened and U.S. futures are headed lower
Tags: Merrill Lynch, rootmusic, Warburg Pincus
Posted on: December 23, 2010 by Jonathan Marino
Going public: Oh, thaaat’s why the 2011 IPO projections look so good… Payoff: Many folks wised up and stopped buying Merrill Lynch’s mortgage-backed securities—except for those who were paid to keep buying Payback: the Treasury Dept. scoops up $2.7B from TARP recipients They’ve got game: gaming companies found plenty of eager investors this year [...]
Tags: alixpartners, Merrill Lynch
Posted on: June 11, 2010 by Luisa Beltran
BP Stock is now a buy: Shares of BP, now subject to takeover and bankruptcy rumors, are up. And only a few companies, Shell, Exxon Mobil or Chevron, could take it on. So it’s a buy now.
Who wants Wendy’s: Shares of the fast food chain pop Friday on rumors that it could be taken over.
Sophisticated Investors not so smart: Investors of Merrill Lynch-issued CDOs claims they were bright enough to read the fine print.
Tags: BP, Chevron, Continental Airlines, Exxon Mobil, Merrill Lynch, Royal Dutch Shell, United Airlines, wendy's
Posted on: July 6, 2009 by PEHub Administrator
HONG KONG (Reuters) – Wilson Feng, a former senior banker for Merrill Lynch, has been picked to run China’s newly established $1.46 billion nuclear investment fund, two sources briefed on Feng’s new job said on Monday. In April, state-owned Guangdong Nuclear Power Group announced the establishment of the 10 billion yuan ($1.46 billion) China Nuclear [...]
Tags: Merrill Lynch
Posted on: June 26, 2009 by PEHub Administrator
Stifel, Nicolaus & Co. has named Victor Nesi as director of investment banking and co-director of capital markets. He was previously with Merrill Lynch, as head of the firm’s global private equity practice for the telecommunications and media industry.
Tags: Merrill Lynch, Stifel Nicolaus
Posted on: June 25, 2009 by PEHub Administrator
Jim Lilly has joined Cowen Group Inc. as a managing director, with responsibility for leading the firm’s healthcare services I-banking practice. He previously was a managing director in Merrill Lynch’s global healthcare group.
Tags: Cowen Group, Merrill Lynch
Posted on: June 24, 2009 by Dan Primack
Bank of America has decided to discontinue the fund placement business it acquired via the Merrill Lynch merger. A source familiar with the situation tells me that the Merrill team is currently helping to raise between 15 and 20 funds, and will continue full-service through at least the beginning of Q4 (and probably through year-end). It will not take on any new clients, but will work to transition existing ones to other placement agents if needed.
The group employs more than 30 professionals, including head of origination Loren Boston (who previously ran Citi’s placement biz). No word yet on if there will be some sort of independent spinout, or if most folks will go their separate ways.
Bank of America’s decision effectively ends Wall Street’s oldest and most fertile fund placement business. The unit began back in 1981, and its veterans have spawned similar groups at banks like Credit Suisse/DLJ and Lazard.
Tags: Bank of America, Loren Boston, Merrill Lynch
Posted on: June 18, 2009 by PEHub Administrator
NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) has hired William Rifkin, former chairman of global mergers and acquisitions at Merrill Lynch, as vice chairman of M&A, the bank said on Thursday. Rifkin will start work at JPMorgan in September reporting to Jimmy Elliott, global head of mergers and acquisitions, the bank said in [...]
Tags: JPMorgan, Merrill Lynch