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Securitization People and Markets

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  • Franklin Templeton Investments, New York Life Investment Management and Eaton Vance are using the rise in interest rates to tout their floating rate funds.
  • Bear Stearns landed the lead role on the financing backing Wellspring Capital Management's acquisition of International Mill Service from GSC Partners.
  • Two senior fixed-income professionals have left the Clinton Group in New York.
  • Private equity firm Wind Point Partners will use $216 million in bank debt and $72 million in preferred equity to fund its $287 million acquisition of United Subcontractors, a Salt Lake City-based company that installs insulation.
  • Private equity firm Wind Point Partners will use $216 million in bank debt and $72 million in preferred equity to fund its $287 million acquisition of United Subcontractors, a Salt Lake City-based company that installs insulation.
  • Wellspring Capital Management portfolio company JW Aluminum Co. is taking out its expensive mezzanine debt with lower cost bank debt led by Credit Suisse First Boston.
  • Microcell's bank debt will be paid down and existing equity investors paid out in full when Rogers takes control.
  • Amy Miller joined Scotia Capital last week to run the U.S. corporate finance and distribution group.
  • Nomura Securities International is bolstering its asset finance capital markets capability and recently hired Ali Ettehadieh as director to spearhead commercial asset-backed securitization in London.