Bear Stearns private-equity unit, Bear Stearns Merchant Banking, is expected to announce that it will be spun off into an independent company with JPMorgan Chase as its largest investor.
JPMorgan will assume around $1 billion of BSMB's "investments and commitments." BSMB manages around $5 billion.
Sadly, it looks like they are planning to drop the name Bear Stearns, even though they aren't sure what to call themselves.
"Almost every rock, tree, and Greek god has been taken," said BSMB partner Douglas Korn.
Bear Buyout Arm Ready to Fly Solo [Wall Street Journal]
Posted by guest , Jun 05, 2008 9:50AM
I suggest Lazarus.
Posted by guest , Jun 05, 2008 9:52AM
The Jonah Fund
Posted by guest , Jun 05, 2008 11:27AM
Cayne's Abel Capital Management
Posted by Anal_yst , Jun 05, 2008 1:29PM
ahahaha nice portfolio companies