RBC Capital Markets, which recently helped Apollo with the $5 billion acquisition of Verizon Media, has hired a leading Bank of America executive to assist in its deals with technology, media and telecommunications companies.
Matthew Lynn will join the Canadian bank in February next year in a new role targeting so-called TMT deals in the leveraged financial market, an asset chic known for investment takeovers through personal equity firms, two told Insider. sources familiar with the measure. .
Lynn, who left BofA this month, had applied for the U. S. lender since 2005, where she worked in leveraged finance in Chicago, New York and London.
RBC has come a long way at TMT this year, having led the financing of Verizon Media’s $5 billion acquisition of Apollo, a deal that included Yahoo and AOL in May.
The bank is also in the market this month with a $525 million leveraged loan for software company Motus, a source close to the transaction said. an acquisition store known for its significant investments in generation companies.
At BofA, Lynn is a component of the leveraged finance team that led the acquisition of Medline, the healthcare provider it acquired through Blackstone, Carlyle Group and Hellman for approximately $34 billion.
The acquisition, the largest personal purchase since the 2007-2008 housing crisis, was subsidized through about $15 billion in capital markets debt last month.