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Securitization People and Markets

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  • UBS is holding a conference call today for RailAmerica's $450 million credit facility.
  • Three professionals from distinct corners of the fixed-income market will be inducted into the Fixed-Income Analysts Society Hall of Fame later this fall.
  • On Wednesday, BNP Paribas will hold a bank meeting to syndicate a $130 million credit for Willis Stein & Partners' buyout of Roll Coater from ArvinMeritor.
  • Steve Freidheim, the distressed debt guru who is spinning off his fund from Och-Ziff Capital Management at the end of the year, is bringing a number of colleagues with him, including Jerry Bias, head of credit trading.
  • ING Bank's financial markets group is appointing new heads for capital markets, sales/trading and research.
  • Anand Ramachandran, a former managing director of high-yield and distressed sales at Guggenheim Partners, has joined TD Securities' loan sales desk.
  • J.P. Morgan and Morgan Stanley are leading the financing backing Headwaters $715 million acquisition of building products manufacturer Tapco Holdings.
  • Anchorage Capital Group, a New York-based hedge fund run by former Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is prepping two new funds for launch in October.
  • Goldman Sachs, Wachovia Securities and UBS launched syndication last Thursday of the $160 million credit backing Fenway Partners' $240 million acquisition of Bell Sports Corp.