Whole business securitisation is IFR North America SF deal of the year 2015

Roark Capital Managememt - a private equity firm-refinanced its acquisition financing (a bridging loan) with a WBS. Because the target was in a sector unused to WBS - a car and auto-parts distribution franchise business, and it opens up opportunities for similar deals, it won deal IFR Deal of the Year. The WBS cost of debt was - sources claim - 250bp lower than HY debt. More details here and here