News — Joint Ventures
Caterpillar, Navistar to Restructure NC(2) Joint Venture
Caterpillar and Navistar announced they are restructuring aspects of their 50/50 joint venture NC(2) Global, which will become a wholly owned subsidiary of Navistar. International and Caterpillar branded trucks will continue to be distributed through both dealers outside of the U.S.
Read more...Date Posted September 30, 2011
Raley, First Source Funding Form First Source Business Finance
Raley Commercial Finance & Leasing and First Source Funding said they formed First Source Business Finance to finance small and mid-size businesses, focusing on the transportation, construction, agricultural, manufacturing and medical sectors.
Read more...Date Posted September 6, 2011
Perella Weinberg, Aviation Veterans Form Infinity Aviation Capital
Perella Weinberg said it formed Infinity Aviation Capital, a JV with Richard Baudouin, co-founder of Aviation Capital, and Khawer Ali and Jerrold Rosen, principals of KJ Aviation. Infinity recently completed its first acquisition.
Read more...Date Posted June 29, 2011
Batten Group, Anchor Capital Form Companionway Capital
The Batten Group of Companies said it formed CompanionWay through a joint venture with Anchor Capital Resources. CompanionWay will serve middle-market companies through loans secured by inventory, equipment and/or other assets.
Read more...Date Posted June 29, 2011
Perella Weinberg Affiliate Announces Helicopter Leasing JV
Perella Weinberg Partners said it has teamed with helicopter industry veterans Howard Wolf, Bill Wolf, Bruce Mauldin and John Contas to form Lobo Leasing, a JV to acquire helicopter and helicopter-related assets for lease to operators.
Read more...Date Posted June 3, 2011
Willis Lease, Mitsui Form Joint Venture for Jet Engine Leasing
Willis Lease Finance said it has entered into a joint venture agreement with Mitsui to acquire and lease IAE V2500-A5 and General Electric CF34-10E jet engines. The JV initially plans to acquire approximately $150 million in assets.
Read more...Date Posted June 2, 2011
Wabtec Forms JV to Manufacture, Service Brake Equipment
Wabtec said it has formed a joint venture in China to manufacture and service brake equipment for the Chinese transit market.
Read more...Date Posted June 2, 2011
Gaz Group, Terex Announce JV to Make Equipment in Russia
GAZ Group and Terex Corporation said they have entered into an agreement to form a joint venture company for the manufacture of construction and roadbuilding equipment in Russia. Under the agreement, the joint venture will manufacture, market and sell certain Terex and all GAZ Group construction and roadbuilding products in Russia, as well as distribute [...]
Read more...Date Posted May 31, 2011
Tiger, Carlyle Group Create Fund to Acquire $5 Billion of Maritime Assets
A new joint venture of global shipping and finance experts, including Tiger Group Investments and The Carlyle Group, has formed a company that will work to acquire more than $5 billion in container, dry bulk, tanker vessels and other shipping assets to capitalize on increasing demand in the shipping sector.
Read more...Date Posted March 17, 2011
HP Financial, BNP Paribas Leasing Announce Financing Alliance
HP Financial Services and BNP Paribas Leasing Solutions are partnering to offer small and mid-size businesses financial solutions to help them invest in HP technology.
Read more...Date Posted March 10, 2011
Siemens Financial in JV to Provide Green Equipment Finance in the UK
Siemens Financial Services and the Carbon Trust announced a joint partnership to provide UK businesses with green equipment finance worth up to approximately $900 million over the next three years.
Read more...Date Posted March 4, 2011
