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Securitization People and Markets

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  • J.P. Morgan, Citigroup and Goldman Sachs have won the mandate to finance Sempra Energy Partners and The Carlyle Group/Riverstone Holdings' joint acquisition of a 632 MW coal-fired power plant in Goliad, Texas from American Electric Power.
  • Wachovia Securities is holding a bank meeting tomorrow to launch syndication of a $210 million facility backing Apax Partners and Spectrum Equity Investors acquisition of NEP Broadcasting from Wachovia Capital Partners.
  • Rajan Dabholkar and Greg Rosenberg have joined Vega Asset Management as senior portfolio managers, according to Rajiv Sobti, president of Vega Plus Capital, a recently launched hedge fund.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • Bridgeport, Conn.-based People's Bank is ramping up a commercial and industrial loan portfolio and a commercial real estate portfolio after scoring some excess capital from the sale of its credit card business.
  • UBS is also launching deals this week for Leiner Health Products and Sterigenics International.
  • Strong Capital Management is reorganizing its fixed-income investment team after the recent departures of Ashok Bhatia, Thomas Sontag and John Bonnell, three of its portfolio managers.
  • A bank meeting is scheduled for this Wednesday to launch syndication of a $335 million facility backing J.W. Child Associates' acquisition of fruit drink businesses Sunny Delight and Punica from The Proctor & Gamble Co.
  • Wachovia Securities is beginning to add a high-yield sales department to its New York office. The firm recently hired Oscar Anderson as its first high-yield salesman in the Big Apple.