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Securitization People and Markets

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  • J.W. Childs Associates, the Boston-based private equity firm and owner of American Safety Razor (ASR), is taking a $92 million dividend through a recapitalization.
  • Azura Capital, the event-driven hedge fund run by industry veterans Peter Lupoff and Mark May, has hired Brian Cohen, a former analyst at EagleRock Capital Management.
  • BlueMountain Capital Management, which manages a relative-value corporate credit fund with approximately $2.6 billion in assets, has hired four investment professionals.
  • Credit Suisse First Boston will launch a $580 million loan package for Maguire Properties, backing its $1.51 billion acquisition of CommonWealth Partners.
  • Jeff Maillet, founder of the Chicago-based Noble Asset Management and one of the earliest institutional players in the loan market, has opened his doors to outside investors with the launch of a multiple strategy fund.
  • Robert Spector, head Canadian economist and chief strategist at Merrill Lynch in Toronto, plans to leave the firm and join McLean Budden, a Canadian asset manager with C$12 billion in fixed income.
  • Scotia Capital played matchmaker between Kohlberg, Kravis Roberts & Co., and Masonite International Corp. after KKR officials asked Scotia bankers if they had a relationship with the Canadian company.
  • GE Commercial Finance Corporate Lending has established a Pittsburgh office.
  • Calyon Americas has snared a leveraged finance pro from CIBC World Markets and is looking to power up its New York-based loan syndication group.