Investments
41Portfolio Exits
24Funds
1Partners & Customers
10About Bank of America Merrill Lynch
Bank of America Merrill Lynch is an American multinational investment bank division under the auspices of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research and liquidity and payment management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch & Co.
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Latest Bank of America Merrill Lynch News
Sep 24, 2024
Banxico Set to Cut Interest Rate Amid Economic Shifts September 24, 2024 Mexico’s central bank, Banxico, is poised to make its third consecutive interest rate cut this Thursday. Bank of America Securities (BofA) predicts a 0.25 percentage point reduction, lowering the rate to 10.50%. This move marks a significant shift in Mexico’s monetary policy. It continues the normalization cycle that began in March 2024. The cumulative cut will reach 0.75 percentage points since the peak rate of 11.25%. BofA experts believe conditions are ripe for this decision. They anticipate a 4-1 majority vote, with a possibility of unanimous agreement among Banxico’s governing board. This forecast reflects growing confidence in the direction of Mexico’s economy. Banxico Set to Cut Interest Rate Amid Economic Shifts. (Photo Internet reproduction) Several factors support this rate cut. The core inflation rate has been steadily declining, reaching 4% in August after 19 consecutive months of decrease. This trend suggests improving price stability in Mexico’s economy. Additionally, Mexico’s economic growth has shown weakness for four straight quarters. BofA Securities warns that GDP may continue to moderate. They cite concerns about reduced investments due to constitutional reforms and expected fiscal consolidation. The global economic context also plays a role. The U.S. Federal Reserve’s recent rate cut provides Banxico with room to maneuver. This alignment with international trends supports Mexico’s monetary policy decisions. Looking ahead, BofA Securities projects further gradual but sustained rate cuts. They expect the policy rate to reach 10% by year-end and 8.25% by the end of 2025. However, they acknowledge the possibility of faster cuts. Banxico Set to Cut Interest Rate Amid Economic Shifts Other experts offer similar predictions. Pamela Díaz Loubet from BNP Paribas agrees with the 10% year-end forecast. She expects the rate to hit 8% next year, slightly lower than BofA’s projection. Díaz Loubet adds an important long-term perspective. She suggests that Banxico’s restrictive stance may continue “for a long time.” The neutral rate, where monetary policy no longer impacts inflation, might not be reached until 2026. These projections highlight the careful balance Banxico must strike. They must address current economic challenges while preparing for future stability. The upcoming decision will be a crucial step in this ongoing process. Check out our other content
Bank of America Merrill Lynch Investments
41 Investments
Bank of America Merrill Lynch has made 41 investments. Their latest investment was in Annovis Bio as part of their PIPE on April 04, 2023.
Bank of America Merrill Lynch Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/4/2023 | PIPE | Annovis Bio | $7.66M | Yes | 2 | |
8/26/2021 | Line of Credit | Southwire Company | $1,000M | Yes | 2 | |
3/1/2021 | Debt - II | Zeta Global | $222.5M | Yes | 9 | |
1/11/2021 | Debt - II | |||||
10/6/2020 | Convertible Note |
Date | 4/4/2023 | 8/26/2021 | 3/1/2021 | 1/11/2021 | 10/6/2020 |
|---|---|---|---|---|---|
Round | PIPE | Line of Credit | Debt - II | Debt - II | Convertible Note |
Company | Annovis Bio | Southwire Company | Zeta Global | ||
Amount | $7.66M | $1,000M | $222.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 9 |
Bank of America Merrill Lynch Portfolio Exits
24 Portfolio Exits
Bank of America Merrill Lynch has 24 portfolio exits. Their latest portfolio exit was Southeastern Grocers on March 07, 2024.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/7/2024 | Acquired | 2 | |||
2/20/2024 | Acquired | 4 | |||
12/19/2022 | Acquired | 6 | |||
Date | 3/7/2024 | 2/20/2024 | 12/19/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 4 | 6 |
Bank of America Merrill Lynch Acquisitions
2 Acquisitions
Bank of America Merrill Lynch acquired 2 companies. Their latest acquisition was REDI Holdings on July 17, 2013.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
7/17/2013 | Acq - Fin | 1 | ||||
4/11/2005 | Other Venture Capital |
Date | 7/17/2013 | 4/11/2005 |
|---|---|---|
Investment Stage | Other Venture Capital | |
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acq - Fin | |
Sources | 1 |
Bank of America Merrill Lynch Fund History
1 Fund History
Bank of America Merrill Lynch has 1 fund, including BA Private Equity Direct LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
BA Private Equity Direct LP | Buyouts & Acquisitions | Open | 1 |
Closing Date | |
|---|---|
Fund | BA Private Equity Direct LP |
Fund Type | Buyouts & Acquisitions |
Status | Open |
Amount | |
Sources | 1 |
Bank of America Merrill Lynch Partners & Customers
10 Partners and customers
Bank of America Merrill Lynch has 10 strategic partners and customers. Bank of America Merrill Lynch recently partnered with Goldman Sachs, and Clifford Chance on November 11, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
11/1/2023 | Client, and Vendor | United States, and United Kingdom | 1 | ||
7/25/2022 | Client | United States | 1 | ||
7/20/2020 | Supplier | United Kingdom | BofA Global Research to contribute to Refinitiv’s Aftermarket Research collection Through this partnership , Refinitiv will serve as the exclusive aftermarket provider of BofA Global Research to professionals within the financial services sector ; legal , accounting and advisory services firms ; and academic institutions and government agencies . | 1 | |
2/3/2020 | Licensee | ||||
6/27/2019 | Vendor |
Date | 11/1/2023 | 7/25/2022 | 7/20/2020 | 2/3/2020 | 6/27/2019 |
|---|---|---|---|---|---|
Type | Client, and Vendor | Client | Supplier | Licensee | Vendor |
Business Partner | |||||
Country | United States, and United Kingdom | United States | United Kingdom | ||
News Snippet | BofA Global Research to contribute to Refinitiv’s Aftermarket Research collection Through this partnership , Refinitiv will serve as the exclusive aftermarket provider of BofA Global Research to professionals within the financial services sector ; legal , accounting and advisory services firms ; and academic institutions and government agencies . | ||||
Sources | 1 | 1 | 1 |
Bank of America Merrill Lynch Team
170 Team Members
Bank of America Merrill Lynch has 170 team members, including current Chief Financial Officer, Rose Marie Blackwood CFA.
Name | Work History | Title | Status |
|---|---|---|---|
Rose Marie Blackwood CFA | Scotia Capital, Scotiabank, and PwC | Chief Financial Officer | Current |
Name | Rose Marie Blackwood CFA | ||||
|---|---|---|---|---|---|
Work History | Scotia Capital, Scotiabank, and PwC | ||||
Title | Chief Financial Officer | ||||
Status | Current |
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