Bank of America has launched a dedicated Private Capital M&A Group, as the bank looks to capitalise on growing demand for more flexible exit solutions among private equity firms, according to a report by Bloomberg.
The group will be co-led by Richard Peacock and Amanda Dupuy Ugarte, who will continue in their existing roles leading consumer and retail M&A, and global secondary advisory investment banking, respectively. They will work alongside regional leads including Zeeshan Waris in EMEA and John Lin in Asia Pacific.
The new team will focus on supporting sponsors in monetising portfolio companies, bringing together capabilities across global capital solutions, financial sponsors and industry coverage groups. The initiative reflects a shift in the private equity landscape, where traditional exit routes such as IPOs and outright sales have remained subdued.
Bank of America said the new group is intended to provide optimised solutions and strengthen its position in the highly competitive sponsor sell-side advisory market.
