- New York, New York
- Banc of America Securities is the investment banking arm of Bank of America and offers trading, brokerage and other services.
Banc of America Securities LLC (BAS), was an investment banking subsidiary of Bank of America until it was merged with Merrill Lynch after that firm’s acquisition in 2008 to become Bank of America Merrill Lynch. Headquartered in San Francisco, the company competed in both the domestic and international equity and investment banking markets.
The company was a registered broker-dealer with the United States Securities and Exchange Commission (SEC) and was a member of the New York Stock Exchange and the National Association of Securities Dealers. The use of “Banc” in the BAS’s name was indicative of the fact that the company was not a bank, and its deposits and other holdings were not insured by the Federal Deposit Insurance Corporation.
During its years of operation its strongest investment banking groups included high-yield debt underwriting and Leveraged Finance, in addition to industry coverage groups such as Healthcare, Consumer & Retail, Global Industries, Media & Telecom, Financial Institutions, Real Estate and Gaming. BAS also did a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. On the product side, the firm employed M&A senior bankers throughout the industry coverage groups. BAS also had a stand-alone Mergers & Acquisitions Group, consisting of bankers that transact M&A deals across all industries, as well as a Transaction Development Group, which aimed to identify and market transaction opportunities.
On October 3, 2008, Bank of America announced that John Thain would lead the combined Bank of America/Merrill Lynch Global Corporate and Investment Banking enterprise. Thain was forced out by Bank of America Chairman Kenneth D. Lewis on January 22, 2009, because of the colossal losses visited on B of A due to its acquisition of Merrill Lynch. With Thain’s departure, Brian Moynihan became president of Global Banking and Global Wealth and Investment Management.
|Nov, 2006||EUSA Pharma||$18.6M / Venture||—|
|Jul, 2003||ZettaCom||$19.2M / Series C||—|
|Nov, 2002||Sphera Corporation||$4M / Series D||—|
|Oct, 2002||CapitalStream||$10M / Private Equity||—|
|Feb, 2002||Mellanox Technologies||$56M / Series C||—|
|Sep, 2001||Yottabyte NetStorage||$26M / Venture||—|
|Sep, 2001||YottaYotta||$26M / Series C (Lead)||—|
|Jul, 2001||Internate Machine Corporation||$41M / Series C||—|
|Jun, 2001||SiberCore Technologies||$5M / Series C||—|
|Apr, 2001||Speedera Networks||$20M / Venture||—|
|Jul, 2000||DataCore Software||$35M / Series B||—|
|Jul, 2000||Amber Networks||$91M / Series C||—|
|Jun, 2000||ePolicy||$39M / Series B||—|
|Mar, 2000||Zaffire||undisclosed amount / Series B||—|
|Nov, 1999||Yupi Internet||$67.4M / Private Equity||—|
Current Team (1)Update
|Aug 20, 2015||Business Wire - CRT Capital through Sterne Agee CRT Announces Key Research Hires|
|Jun 29, 2015||Business Wire - Jarad Madea Joins TigerRisk as Partner in Capital Markets & Advisory|
|Jun 28, 2012||BGR Boy Genius Report - WSJ details RIM's long, sad decline|
|Feb 28, 2012||BGR Boy Genius Report - LightSquared CEO steps down, will remain chairman of the board|
|Feb 28, 2012||Engadget - LightSquared CEO Sanjiv Ahuja steps down, company remains committed to wireless network|
|Jan 3, 2012||BGR Boy Genius Report - LightSquared names Marc Montagner Chief Financial Officer|
|Jan 3, 2012||CNet - LightSquared taps new merger-focused financial chief - CNET|
|Mar 10, 2010||CNet - Nasdaq 5,000: Ten years after the dot-com peak - CNET|
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