BofA to Spin Off Private Equity Unit

April 25, 2011

On April 20, 2011, Reuters.com reported that Bank of America Corp. plans to spin off its $5 billion private equity unit.


On April 20, 2011, Reuters.com reported that Bank of America Corp. plans to spin off its largest remaining private equity fund, known as BAML Capital Partners, into its own unnamed firm.  The fund has approximately $5 billion in assets.

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Categories

Investment Manager M&A, Private Equity M&A, Transactions