Banc of America Securities LLC (extinct)

Banc of America Securities LLC (extinct)

Banc of America Securities LLC (extinct)

Overview
Headquarters

San Francisco, California

Type of Company

Private

Industries

Consumer Finance
Accounting & Financial Services
Investment Banking & Brokerage

Company Description

Headquartered in Charlotte, North Carolina, Banc of America Securities (BAS) is the investment banking subsidiary of Bank of America Corp (NYSE: BAC). The firm provides both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services.They provide high-yield debt underwriting and leveraged finance, in addition to industry coverage groups such as healthcare, media and telecom, financial institutions, real estate and gaming. BAS also does a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. Following the strategy of Goldman Sachs, the firm lacks a standalone mergers and acquisitions department, instead employing mergers and acquisitions senior bankers throughout the industry coverage groups.The firm is registered as a broker/dealer with the SEC, is a member of the NYSE, and the NASD. The use of Banc in the BAS's name is indicative of the fact that the company is not a bank, and their deposits and other holdings are not insured by the FDIC.

Executives & Employees

President-Asia Pacific

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Recent Transactions
Details Hidden

Scripps Networks Interactive, Inc., Southbank Media Ltd. purchase Scripps Networks International (UK) Ltd.

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Canada Pension Plan Investment Board, ONEX Corp. purchase Tomkins Plc

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NiSource, Inc. issued Common Stock

Transaction Clients
Investment Advisor

Advised on Bank of America Corp. purchases FleetBoston Financial Corp.

Investment Advisor

Advised on Blackstone Corporate Private Equity, Blackstone Real Estate Advisors, The Blackstone Group LP purchase Hilton Hotels Corporation resulting in a new company Park Hotels & Resorts, Inc.

Investment Advisor

Advised on Vanguard Health Systems, Inc., The Blackstone Group LP purchase Tenet Healthcare Corp. /3 Massachusetts Hospitals from Tenet Healthcare Corporation

Transaction Advisors
Legal Advisor

Advised onAOL Time Warner, Inc. purchases Time Warner Entertainment Co. LP from AT&T Corp. (Inactive), Comcast Holdings Corp.

Legal Advisor

Advised onVisa, Inc. issued Class A Common Stock

Legal Advisor

Advised onPublic Storage purchases Shurgard Storage Centers, Inc.

Legal Advisor

Advised onThe Walt Disney Company purchases Marvel Entertainment LLC

Legal Advisor

Advised onLiberty Media International, Inc. purchases UnitedGlobalCom, Inc. resulting in a new company Liberty Global, Inc.

Legal Advisor

Advised onTeva Pharmaceutical Industries Ltd. purchases Barr Pharmaceuticals, Inc.

Advisors & Consultants
Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Co-Chair, Corporate Practice Group at Hughes Hubbard & Reed LLP

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

The Colorado Public Employees' Retirement Association's (CoPERA) trust funds are invested under the direction of a board of trustees. CoPERA's investment strategy uses actuarially established asset allocation investment objectives with long-term goals and policies. Assets are diversified into domestic and international stocks, corporate, government, and international bonds, mortgages, real estate and alternative investments. The fund is long-term in nature and the selection of investments is regulated by statutory limitation, investment time horizon, the limits of acceptable risk and the objective of optimizing the total rate of return. The targeted strategic asset allocation is designed to provide an optimal diversification to reduce risk and maximize total rate of return relative to risk. Many of CoPERA's actively managed portfolios are managed by outside sub-advisors.

Non-Profit Donations & Grants
$500 - $999
2008
$3,050 - $4,999
2008