Advisers scrap over BP-Amoco

Article Abstract:

The 29 billion pounds sterling acquisition by BP of Amoco raised questions of central role playing after both JP Morgan (JPM) and Merril Lynch claimed responsibility as main financial adviser. BP supports JPM's claim but acknowledges the major part played by Merril Lynch, which it describes as equity adviser. The argument over central roles highlights the closing gap between mergers and acquisitions advisers and equity advisers. BP feel the acquisition was handled efficiently and quickly, despite the dispute over responsibility.

Mergers, acquisitions and divestments, MER, Merrill Lynch & Company Inc., J.P. Morgan Securities Inc., AN, Amoco Corp., BP Chemicals Inc.

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Rolling out the roll-outs

Article Abstract:

Private equity providers need to be able to make clear distinctions when it comes to raising finance for either roll-out or buy and builds acquisitions. Both share many similar characteristics but differ between the level of risk associated, primarily because of the profitability of the acquisition. The main elements of both types of private equity structure package are the high amounts of cash injection needed in the first instance.

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