Bank of America (NYSE:BAC) has launched a Private Capital M&A Group to help private equity firms offload companies more efficiently.
The group, which is co-headed by Richard Peacock and Amanda Dupuy Ugarte, will work across BoFA’s teams to assist private equity firms in monetizing their portfolio companies, Bloomberg reported.
Peacock will also continue to lead the consumer and retail M&A and Dupuy Ugarte will continue working in global secondary advisory investment banking. The two will also work with Zeeshan Waris in EMEA and John Lin in Asia Pacific.
Private equity firms are holding onto portfolio companies longer, citing geopolitical tensions and the current interest rate environment. Valuations have also not increased as expected Anthony Arnold, private equity co-chair at Barnes & Thornburg LLP told S&P in December.
To increase valuations, firms …
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