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Bank Of America Investment by Dave Porter

by Dave Porter A syndicate of seven private equity investment banking firms have agreed to buy SunGard Data Systems for $11.3 billion, the largest buyout of a public company since 1989. If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free. Print This Page March 28, 2005 (AXcess News) A syndicate of seven private equity investment banking firms have agreed to buy SunGard Data Systems ( SDS) for $11.3 billion, the largest buyout of a public company since 1989.

Investment Opportunity A syndicate of seven private equity investment banking firms have agreed to buy SunGard Data Systems for $11.3 billion, the largest buyout of a public company since 1989.

Prior to joining 3i, founder and COO of Exygy, a business focused on new applications of GPS and wireless technology. Before this, David worked for four years in the $3.5 billion private equity group at GE Asset Management, where he specialized in late stage venture and growth capital opportunities. He also held a position managing investment portfolios for the Bank of Boston and began his career in investment management at State Street Bank, with GE Asset Management as his client. David also has experience as a strategy consultant with both the Parthenon Group and with Citizen's Energy.

Banc Of America Investment If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

AXcess News suspects that some of those bonds are already in the hands of the private equity buyout group or at the very least, whose terms are not worth calling.The board of directors of SunGard were quick to sign off on the deal, sources said, and the board was also urging shareholders to do the same.

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commerce application at an Internet Data Center owned by Sungard. Nexternal has a 100% uptime service level agreement with Sungard. Sungard is able to provide this guarantee because of their multiple backbone internet connections. Should latency problems exist, all traffic can be diverted to the other internet backbones. Sungard also has an enormous onsite generator (bigger than many buildings) that can provide power in the event of an outage. 7 with trained personnel.

Investment Solution Strategic March 28, 2005 (AXcess News) New York- A syndicate of seven private equity investment banking firms have agreed to buy SunGard Data Systems (NYSE: SDS) for $11.3 billion, the largest buyout of a public company since 1989.

In 1996, time management of the family's investments. His investment focus has been in publicly traded equity investments in high technology companies. ups, an Internet bank and real estate. He has also invested in private Asian investments.

Investment Banking Services The deal is being led by Silver Lake Partners and the private equity groups members reads like the whose who of Wall Street. Private equity partners include The Blackstone Group, Bain Capital, Goldman Sachs Capital Partners, Providence Equity Partners, Texas Pacific Group, and Kohlberg Kravis Roberts & Co. L.P.KKR happens to be the private equity investment banking group that did the buyout of publicly held RJR Nabisco for $25 billion in 1989.

Bank Investment SunGard shareholders are to be paid $36 in cash for each share they own. Which is a pretty good deal considering SunGard's shares closed Friday at $31.55. But by Monday, SunGard's shares had bolted 8.9%, or $2.81, to close at $34.36 on heavy volume of over 29 million shares.Outside of the common stock shareholders, there remains $500 million in outstanding bonds, which according to the terms of the agreement are not being purchased. AXcess News suspects that some of those bonds are already in the hands of the private equity buyout group or at the very least, whose terms are not worth calling.The board of directors of SunGard were quick to sign off on the deal, sources said, and the board was also urging shareholders to do the same. It's expected that the buyout of SunGard will be completed by the 3rd quarter of this year, the company said. It still must pass the muster of regulators, though the private equity partners are some of the most regulatory-savvy investment bankers on Wall Street, so few obstacles remain in their way.Prior to the buyout offer, SunGard was planning to spinoff its SunGard Availability Services business, which was announced in October. But the spinoff was called off as part of the deal with the private equity group, sources close to the deal said.

Alternative Investment SunGard operates in two areas, software and processing solutions, and managed hosting, storage solutions and disaster recovery.

Online Investment Services Sources said that the management team is expected to remain in place.

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