Saturday 1st August 2015
NEWS TICKER, FRIDAY, JULY 31ST: US bond markets expect a $900m issue from the Metropolitan St. Louis Sewer District as early as next year after its rate commission voted yesterday to back the district’s plan to tap the markets. The bonds will continue financing a $4.7bn capital program required by the Environmental Protection Agency (EPA) to keep sewers in St. Louis and St. Louis County from regularly overflowing into area creeks and rivers. Already, the district has put $600m toward sewer projects in St. Louis and St. Louis County. MSD customers can consequently continue to expect annual sewer bill hikes each summer. In 2012, the average customer paid $29 monthly. This month, bills rose to an average of $41. After this bond issue, the monthly sewer bill will cost the average household $61 by 2019 - JP Morgan has hired Lebo Moropa, giving the bank its first dedicated prime brokerage and equity finance presence in South Africa, reports Securities Lending Times. Former HSBC trader Moropa has joined the bank in Johannesburg and will focus on synthetic and cash prime brokerage and securities lending, including delta one and will report to Paul Farrell in London. Moropa was a delta one trader at HSBC and has worked for JP Morgan before– Apulia Finance has informed the Luxembourg Stock Exchange of its intent to issue a securitised paper, backed by residential mortgage loans originated by Banca Apulia. The issue date is August 6th and the deal is lead managed by BNP Paribas who is also joint arranger with Finanziaria Internazionale Securitisation Group. Swap counterparty in the transaction is Canadian Imperial Bank of Canada and the clearers are Euroclear and Clearstream. Funding is at three month Euribor with a spread of 0.40% before the step up date and 0.80% after the step up date. The deal is worth a combined €170m of which €153m are Class A asset backed floating rate notes due 2043; €6.79m Class B asset backed notes and €9,84m are Class C asset backed floating rate notes – all due 2043.

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Investec strengthens Growth & Acquisition Finance team with senior hire

Friday, 10 February 2012
Investec strengthens Growth & Acquisition Finance team with senior hire Investec Growth & Acquisition Finance, part of Investec Specialist Bank, has appointed  Shaun Mullin to its business team. Mullin will focus on the origination and execution of predominately senior debt deals in conjunction with mezzanine, equity and integrated financing for entrepreneurs and private equity firms. He will report to Ed Cottrell, head of Investec Growth & Acquisition Finance. http://www.ftseglobalmarkets.com/

Investec Growth & Acquisition Finance, part of Investec Specialist Bank, has appointed  Shaun Mullin to its business team. Mullin will focus on the origination and execution of predominately senior debt deals in conjunction with mezzanine, equity and integrated financing for entrepreneurs and private equity firms. He will report to Ed Cottrell, head of Investec Growth & Acquisition Finance.

The appointment adds strength and depth to the Growth & Acquisition Finance team, which has recently completed a number of deals including: a £25m senior debt package to Patron Capital and Scottish Capital Group in its acquisition of the Motor Fuels Group; and a flexible financing package of senior and mezzanine debt along with a minority equity co-investment to MVC Private Equity LP in its £28m management buy-out of Gibdock Limited.

Mullin joins from Barclays Bank, where he was most recently a director in their Debt Finance team focusing on the origination and execution of mid-market leveraged buy-outs, public-to-privates and cross border acquisition financings. He also spent two years in Barclays’ Financial Sponsors team working on the structuring and syndication of UK and European mid-market private equity transactions.

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