Industry

Jefferies Financial and SMBC Expand Strategic Alliance to Canada

Jefferies Financial Group and SMBC Group expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. read more

Capteris Closes $14MM Refinance for Sponsor-Owned Manufacturer

Capteris closed a $14.25 million refinance with a sponsor-owned manufacturer of health supplements. The finance lease was part of a refinance effort by the company to free up working capital as it established new in-house manufacturing capabilities. read more

Monitor Announces Converge Breakout Session Facilitators

Monitor selected 14 industry leaders to facilitate Converge’s dynamic and interactive breakout sessions addressing the most top-of-mind industry issues, which will be crowdsourced from attendees of the two-day event. read more

More Than 70% of SMBs View Private Equity as Potential Funding Source

According to a new study from Citizens, 72% of small- and mid-size businesses in the U.S. view the private equity industry as a source of current or future partnership and funding, with sponsors anticipating higher deal volumes in 2024. read more

PEAC Solutions Raises $200K for Make-A-Wish at Charity Golf Tournament

PEAC Solutions, a multi-national asset finance platform, hosted its inaugural ‘Tee-Up for Charity’ event on April 2 at TPC Sawgrass in Ponte Vedra Beach, FL, with the event raising more than $200,000 was for Make-A-Wish Philadelphia, Delaware and Susquehanna Valley. read more

36th Street Capital Closes $30MM in Equipment Financing for Personal Care Products Manufacturer

36th Street Capital recently served as lessor of record and servicer for a $30 million equipment financing of manufacturing equipment for a company dedicated to the manufacturing and production of personal care, first aid and household products. read more

Philadelphia Phillies Baseball Legend Larry Bowa to Speak at Converge

Lisa Rafter, publisher and CEO of Monitor, will interview Larry Bowa, former shortstop for the Philadelphia Phillies, at Converge on May 16, addressing Bowa’s career, his decades with the Phillies — including winning the 1980 World Series — and his recent hole-in-one at Spring Training. read more

MUFG Establishes Business Plan for Next 3 Years, Aims to Increase ROE by 9%

MUFG established a new medium-term business plan for the next three years “to pursue and produce growth” with an aim to increase ROE to approximately 9% by 2026. read more

U.S. Treasury Identifies Cybersecurity Risks and Challenges of AI in Financial Services

According to a recent report from the U.S. Department of the Treasury, there is a widening gap between large and small financial institutions when it comes to in-house AI systems, with the rise of AI creating additional cybersecurity and fraud challenges. read more

Chesswood Receives ‘Meaningful’ Interest from Potential Counterparties During Strategic Review

Chesswood Group, a specialty finance company with 40 years of experience in the commercial equipment finance market, provided an update on its review of strategic alternatives, noting that it has received a “meaningful level of inbound interest from potential counterparties.” read more

Tamarack Releases Enhancements to DataConsole

Tamarack Technology released the next version of its DataConsole Business Intelligence reporting system, including the addition of a syndication builder, which accelerates the portfolio syndication process with comprehensive asset pool analysis and design coupled with automated “data tape” generation. read more

Susan Carol Creative Rebrands as Foresight Marketing Agency

Susan Carol Creative, a public relations and marketing communications consultant for B2B clients in commercial finance, equipment finance, secured lending, banking and financial technology, rebranded as Foresight Marketing Agency to reflect the agency’s significant growth in capabilities. read more

Mitsubishi HC Capital America Enters Loan Agreement with Renew Energy Partners

Renew Energy Partners announced the financing of its fourth investment vehicle, Renew Energy Efficiency Projects 4, with the special purpose entity executing a master revolving loan and security agreement with Mitsubishi HC Capital America. read more

Providence Capital Selects Consult Disrupt for Lease Accounting RFP Analysis

Providence Capital Funding selected Consult Disrupt, a consulting organization formed to support equipment finance companies with day-to-day operations and technology-related projects, to lead its RFP system selection process and assist with its upcoming software conversion. read more

Trinity Capital Prices Offering of $100MM of 7.875% Notes Due in 2029

Trinity Capital priced an underwritten public offering of $100 million in aggregate principal amount of 7.875% notes due in 2029. Trinity intends to use the net proceeds from this offering to pay down a portion of its existing indebtedness outstanding under its KeyBank credit facility. read more

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