RLPC: SunGard spinoff SunGard Availability preps $1.275B in debt

PE-backed SunGard Availability Services is coming to market with a $1.275 billion credit in connection with its spinoff from SunGard Data Systems, according to a report from Thomson Reuters Loan Pricing Corp. Sungard and the spinoff are principally owned by seven private equity firms, including Bain Capital Partners, The Blackstone Group and Kohlberg Kravis Roberts & Co.

GSO Capital Partners Backs Beazer Homes

GSO Capital Partners LP, the credit arm of The Blackstone Group is providing $150 million as part of a land banking arrangement to Beazer Homes USA. Funds managed by GSO will acquire new land parcels identified by Beazer Homes.

Agarwal Joins CIFC Corp as CFO

Rahul Agarwal has joined CIFC Corp as chief financial officer. Agarwal brings 19 years of financial industry experience, having spent the last eight years with The Blackstone Group where he served as the co-head of finance for the private equity business.

Slideshow: A Look At How Mega-Funds Perform For CalSTRS

European powerhouse CVC Capital Partners takes the crown in this week’s battle of the U.S. and European mega-buyout houses, securing first place in our list of top 10 funds based on private equity performance figures from California State Teachers’ Retirement System. U.S. and European firms both account for five of the top-10 spots with The Blackstone Group coming in a close second place.

Liberty Sold to Vistar

Liberty Distribution has been sold to Vistar, a subsidiary of Performance Food Group Company and a portfolio company of The Blackstone Group. Liberty is based in Chandler, Arizona with additional locations in Mechanicsburg, Pennsylvania and Memphis, Tennessee.

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