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Securitization People and Markets

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  • Merrill Lynch and Deutsche Bank are leading a $453.4 million deal for HIT Entertainment, a London based children's entertainment company.
  • Morgan Stanley and GE Capital are leading a $160 million facility for Genoa Healthcare Group, a nursing home management company located in Tampa, Fla.
  • Pricing has been finalized on the $215 million deal for Meow Mix at LIBOR plus 3 1/4% with a step down to LIBOR plus 3% when leverage hits three times.
  • London-based Via Capital, the real estate investment banking arm of Germany property bank Aareal Bank, is restructuring and Arun Mirchandani, one of its founding members, has left the firm.
  • Syndication of a $400 million deal to back ABRY Partners' $500 million acquisition of F+W Publications from Providence Equity Partners launched last week.
  • Goldman Sachs, GE Capital and Lehman Brothers are leading a $485 million deal for IPC Acquisition Corp.
  • Gary Reback has returned to Bear Stearns as senior managing director and head of agency collateralized mortgage obligation trading after a brief stint at Merrill Lynch.
  • A UBS-led first lien has been upsized to $325 million from $300 million within a $500 million facility to back Advent International's $545 million acquisition of Boart Longyear Group, a part of Anglo Ferrous Metals, from Anglo American.
  • Compensation packages for fixed-income derivatives marketers, structurers and originators are skyrocketing in the Asia-Pacific region as banks struggle to staff nascent bond and credit derivatives groups.