HCA deal highlights Merrill's ambitions
Many top investment banks, including Morgan Stanley, JPMorgan and Credit Suisse, have spun off their private-equity units or pledged not to compete with their private-equity clients. Not so Goldman Sachs and Merrill Lynch. They both are pursuing big deals. Merrill's ambitions were evident in the HCA deal. Merrill was said to have been a key driver behind the deal, working directly with the Frist family. Merrill's earnings have certainly reflected its savvy in the LBO wave.
> Here's the New York Post article.
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