Bank of America Aims to Help Private Equity Firms Monetize Portfolio Companies

Bank of America has formed a new team within its investment bank focused on helping private equity firms exit investments, Bloomberg reported on March 25. The move targets PE exit and sell-side advisory demand and could modestly increase BofA's M&A/sell-side fee revenue, though no staffing, deal pipeline or revenue guidance was disclosed.

Analysis

Bank of America has formed a new team within its investment bank focused on helping private equity firms exit investments, Bloomberg reported on March 25. The move targets PE exit and sell-side advisory demand and could modestly increase BofA's M&A/sell-side fee revenue, though no staffing, deal pipeline or revenue guidance was disclosed.