ROCKALL CLO B.V. - Irish Stock Exchange

There may be circumstances where debt investments are split between existing funds or transferred in whole or
in part between funds. This may enable the funds managed by Babson Capital Europe to benefit from sufficiently
large participations to maximise arrangement fees or meet the funds diversity/size requirements. No such
transactions will be made unless the Collateral Manager believes they are in the best interests of the funds
involved. If appropriate, third party or market valuations would be taken to validate transfer values.
Collateral Manager Team
Investment Team
Ian Hazelton Chief Executive of Babson Capital Europe, started the business in 2000 joining from Royal Bank of
Scotland Leveraged Finance. Ian was a leading player in setting up and building the Royal Bank’s specialist
acquisition finance business from a standing start in 1993 to its current market leading position. As the business
grew strongly in the mid to late 1990’s he was responsible for managing UK senior leveraged loan origination and
credit control activities becoming Managing Director, Leveraged Finance in 1999. In this role he added
responsibility for mezzanine as well as senior loan products for UK and Continental European leveraged
transactions. Prior to joining the RBS, Ian spent eight years at 3i engaged in private equity investment. He
qualified as an ACA with Deloitte Haskins & Sells in 1979 (FCA in 1991. He also spent five years in the
engineering industry before joining 3i. Ian is responsible for the overall management of Babson Capital Europe
and the Duchess Funds. Ian serves as Chairman of the Babson Capital Europe Credit Committee and the
Mezzanine Credit Committee.
Roger W. Crandall, Chairman of Babson Capital Management LLC, joined the firm in 1988 and has held several
leadership positions including Head of Corporate Bond Management, Public Bond Trading and Institutional Fixed
Income. In this position, Roger oversaw all corporate credit related investments, including public and private
bonds, bank loans, European bank loans, mezzanine and private equity investments, and structured credit
products. With over 17 years of experience, Roger is responsible for creating many innovative investment
products, which have driven a significant part of the organization’s growth. Roger also serves as Executive Vice
President and Chief Investment Officer of Massachusetts Mutual Life Insurance Company. He holds a B.A. in
economics from the University of Vermont, an M.B.A. from the University of Pennsylvania’s Wharton School of
Business, and he is a member of the CFA Institute.
David Wilmot, Managing Director, Senior and Mezzanine Loans, joined Babson Capital Europe in November
2000 from Société Générale (“SG”) where he was head of the UK Leveraged Finance team. David made a major
contribution to SG’s development into a leading arranger of senior and mezzanine debt in the European market
He has extensive experience in European leveraged debt origination, negotiation and execution as well as
portfolio control. He is an Associate of the Chartered Institute of Bankers and holds a BSc (Hons) in Banking and
Finance from Loughborough University and a MBA from City University Business School. David is responsible
for deal origination and credit control. David is a member of the Babson Capital Europe Credit Committee and
the Mezzanine Credit Committee.
Zak Summerscale, Managing Director, joined in 2001 from New Flag Asset Management where he was Portfolio
Manager for a European High Yield Fund. The fund was short-listed by Global Investor Magazine for Investment
Excellence in High Yield for 2000, with the fund outperforming the Merrill Lynch European High Yield Index
(HP00) by over 1100 bps in 2000. Prior to New Flag, Zak worked for the United Bank of Kuwait (UBK). He joined
UBK as a Distressed Debt Analyst, rising to Senior Portfolio Manager in charge of both the US and European
High Yield Funds with a market value in excess of $500 million. He qualified as an ACA with Ernst and Young in
1996. Zak heads up portfolio management for all the Duchess funds, being responsible for the trading of senior
and mezzanine loans and high yield bond securities, and is also a member of Babson Capital Europe Credit
Committee.
Adam Eifion-Jones, Managing Director, joined Babson Capital Europe in 2005 from the Royal Bank of Scotland
("RBS") where he worked in the Leveraged Finance business since 1994. Adam played a key role in the
successful growth and development of this business, leading teams in the structuring and arranging of senior and
mezzanine debt in addition to credit and portfolio management responsibilities. Most recently, since the beginning
of 2002, Adam was Managing Director of the mid market Corporate and Structured Finance business within RBS,
successfully developing and managing the mid market book with responsibility for origination, execution and
portfolio control. Adam holds a BSc (Hons) in Finance and Economics and joined Babson Capital Europe to
assist with the launch and development of the mezzanine business across the UK and Continental Europe.
Adam is also a member of the Babson Capital Europe Mezzanine Credit Committee.
Oliver Burgel, Managing Director, joined in 2000 from London Business School where he worked on private
equity and leveraged finance research. Prior to joining London Business School, Oliver worked as Research
Fellow at the Centre for European Economic Research in Mannheim, Germany. Oliver holds an MSc (Econ) from
the London School of Economics and a Ph.D. from the University of Warwick. At Babson Capital Europe, Oliver
is responsible for launching new funds, including fundraising, structuring and financial risk modelling. In addition,
Oliver is analysing and transacting new investment opportunities.
Leona Campbell, Director, joined in 2001 from Bank of Scotland Structured Finance where she spent her last
three years working on medium to large leveraged buyouts in the UK and Europe. Leona qualified as a CA in
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