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Securitization People and Markets

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  • Calyon last week launched syndication of a $340 million credit backing the acquisition of Envirocare of Utah by an investment group led by Lindsay Goldberg & Bessemer.
  • The Seaport Group recently added Ray Murphy, managing director at SAMCO Capital Markets, as managing director in sales.
  • J.P. Morgan and Bear Stearns are prepping a $605 million credit for Telcordia Technologies that backs Providence Equity Partners and Warburg Pincus' $1.35 billion acquisition of the software and communications company from Science Applications International Corp.
  • NDCHealth Corp. is in technical default on its $225 million credit facility and would need lender approval to access the revolver portion of the credit.
  • London-based asset manager Cairn Capital has hired James Starky, a veteran of the European structured finance legal scene, as chief legal officer.
  • Three high-yield professionals in sales and trading have left Goldman Sachs, according to a fixed-income market professional familiar with the departures.
  • As first reported on Loan Market Week's Web site last week, a trio of loan pros at Goldman Sachs, including Robert Wagner, head of loan capital markets, is leaving the firm.
  • Ken Zegar, whole loan collateralized mortgage obligation trader at Credit Suisse First Boston in New York, recently joined RBS Greenwich Capital in a similar role.