Reuters – Wells Fargo Ramps Up PE Despite Volcker Rule

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.

new dawn

peHUB First Read

This morning find out more about the rise and rise of the angels; KKR’s interest in Geon and meet 14 new Rock Health start-ups.

Carlyle Group Closes $620 Million CLO

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 Refinances Senior Debt

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.

Boathouse Backs Florida-Based Energy Planning Experts

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 […]

Parthenon Cap To Acquire Well Fargo’s Vest Financial

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 […]

2 Comments

Wells Fargo Adds New Head of West Coast Tech M&A

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.

West Coast Tech Bankers Split from JPMorgan

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, […]

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups