You are browsing the archive for Wells Fargo - peHUB.
Wells Fargo is ramping up its private equity business in spite of the Volcker Rule, writes Reuters. The bank invests in buyouts and venture capital deals largely on its own, with capital only from Wells Fargo itself and some employees, writes Reuters.
The Carlyle Group has closed a $620 million collateralized loan obligation (CLO) fund, the firm’s fourth new-issue CLO in less than a year. Carlyle Global Market Strategies CLO 2012-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
Bojangles’ Restaurants has announced a refinancing of its $200 million senior debt facility, significantly lowering its borrowing costs. Bank of America Merrill Lynch served as lead arranger with Wells Fargo, Fifth Third Bank and Regions Bank as joint lead arrangers. KeyBank, Cadence Bank and Royal Bank of Canada also participated in the facility.
Philadelphia-based middle market mezzanine debt and equity fund Boathouse Capital has backed Florida-based Energy Planning Associates. Boathouse Capital invested $6.0 million of subordinated debt, along with capital from EPAC’s founders and co-principals Mike Brennan and Jason Plourde. Wells Fargo provided senior debt financing. PRESS RELEASE Boathouse Capital, a middle market mezzanine debt and equity investment [...]
Intervale Capital has bought Allied Oil & Gas Services. Financial terms weren’t announced. Wells Fargo & Co. provided debt financing. Fort Worth, Texas-based Allied Oil provides cementing and acidizing services.
Parthenon Capital Partners agreed Thursday to acquire Wells Fargo & Co.’s H.D. Vest Financial Services business. H.D. Vest’s existing management team, led by Roger Ochs, will continue to operate the Irving, Texas, business.No financial terms were disclosed. PRESS RELEASE Parthenon Capital Partners and Wells Fargo & Company (NYSE: WFC) have entered into a definitive agreement [...]
NEW YORK, May 4 (Reuters) – Wells Fargo Securities, part of Wells Fargo & Co., said on Wednesday it has hired John Jinishian to head up its West Coast technology mergers and acquisitions group.
Wells Fargo has been on a hiring spree lately; earlier this week Reuters reported JPMorgan’s Mark Solomons and Akhil Ahuja joined the bank’s tech banking team.
NEW YORK, May 2 (Reuters) – JPMorgan Chase & Co. lost two West Coast technology investment bankers to competing firms last week, according to a source familiar with the matter. Mark Solomons, a managing director who was responsible for technology mergers and acquisitions at JPMorgan, will be joining Morgan Stanley’s technology group in Menlo Park, [...]