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Securitization People and Markets

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  • Pirate Capital, the Norwalk, Conn.-based event-driven hedge fund firm founded by ex-Goldman Sachs distressed debt honcho Thomas Hudson, has made two new hires.
  • A couple of shareholders opposed to an acquisition of Workflow Management by Perseus and The Renaissance Group are working to keep Workflow public by finding lenders for a refinancing.
  • DLJ Merchant Banking Partners II is targeting a $396 million dividend from Mueller Group's recapitalization and some buysiders are grumbling.
  • Credit Suisse First Boston and Wachovia Securities hit the market last week with a $550 million refinancing for specialty chemical manufacturer Hercules.
  • Trip Mestanas, a more than 20-year veteran of the mortgage-backed securities markets, has left Deutsche Bank to join Merrill Lynch.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • Citibank is in the market with a $1 billion deal for Premcor, refinancing an existing $785 million loan led by Deutsche Bank.
  • Syndication of the $295 million refinancing of TransDigm Holding Co.'s "B" loan began last week.