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Securitization People and Markets

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  • Marni Joy, head of loan sales and proprietary trading at West LB, is said to be leaving the firm.
  • Private equity firm Kelso & Co. is taking out a $165 million facility to fund its $414 million acquisition of Insurance Auto Auctions. Bear Stearns and Deutsche Bank are leading the deal and spent last week on the road show backing the related $150 million high-yield bond deal.
  • Jeremy Blank, Morgan Stanley's distressed trader, has left the firm to move to Israel. Research analyst, Dan Yarsky is taking over his responsibilities.
  • Bentley is a London-based v.p. at PIMCO Europe and is responsible for its U.K. investment-grade credit portfolios.
  • Bear Stearns and Lehman Brothers are leading a $275 million deal for alarm monitoring company Protection One.
  • Aloha Airgroup is seeking approval for a $65 million debtor-in-possession loan from Ableco Finance and Goldman Sachs Partners.
  • Mark Kibblewhite, head of corporate risk management and capital markets for Europe at Barclays Capital in London, resigned from the firm last week.
  • Swiss cable operator Cablecom refinanced all its bank debt with a CHF 1.275 billion ($1.06 billion) senior secured notes offering.
  • GE Capital and Bank of Nova Scotia have launched the bank meeting for $135 million of loans for Western Inventory Service.