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Securitization People and Markets

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  • J.P. Morgan and Morgan Stanley are leading the financing backing Headwaters $715 million acquisition of building products manufacturer Tapco Holdings.
  • Anchorage Capital Group, a New York-based hedge fund run by former Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is prepping two new funds for launch in October.
  • Goldman Sachs, Wachovia Securities and UBS launched syndication last Thursday of the $160 million credit backing Fenway Partners' $240 million acquisition of Bell Sports Corp.
  • BNP Paribas is launching a $115 million credit backing TA Associates' acquisition of Triumph Healthcare this Tuesday.
  • Credit Suisse First Boston last Thursday sent out the books on a $1.27 billion credit facility for Jostens Intermediate Holding Corp.
  • Bank of America, BNP Paribas and Citigroup launched syndication of a $337.5 million credit facility backing Clayton, Dubilier & Rice's $610 million acquisition of Culligan International last Friday as LMW went to press.
  • Bob Hevner, a managing director in senior debt capital markets at Deutsche Bank, is retiring after 28 years with the firm.
  • Dubin is co-head of MBIA's London-based team, which is responsible for the insurer's business in Europe, the Middle East and Africa.
  • Deutsche Bank has hired Amin Majidi, formerly of ABP Investments US, as a mortgage-backed strategist and co-head of MBS research in New York, according to a person familiar with his move.