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Securitization People and Markets

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  • Caxton-Iseman Capital has tapped UBS for financing backing the $570 million acquisition of Ply Gem Industries, a subsidiary of Nortek.
  • The Cypress Group's $300 million acquisition of Communication & Power Industries (CPI) from Leonard Green & Partners will be financed with a $130 million credit facility consisting of a $90 million term loan and $40 million revolver.
  • J.P. Morgan is leading the financing backing FedEx Corp.'s $2.4 billion acquisition of Kinko's from Clayton, Dubilier & Rice (CD&R).
  • A brutal 2003 skewered loan investors with two painful prongs: a mass of repricings and the absence of new money.
  • Cantor Fitzgerald has hired Matt Baber as a senior mortgage-backed securities trader.
  • ConnectiCare has completed a new credit facility to take advantage of a perfect storm of opportunity to put in place some relatively attractive, low priced capital and pay a dividend to shareholders, explained Bob Dahl, managing director for The Carlyle Group and director for ConnectiCare.
  • Scotia Capital and Credit Suisse First Boston last week launched syndication of a $500 million credit facility for Weight Watchers International.
  • Kenner & Co. strolled through the market with its $230 million credit backing the acquisition of window maker Atrium Companies.
  • Morgan Stanley and Deutsche Bank are leading the financing package backing The Blackstone Group's E3.1 billion acquisition of German chemical company Celanese.