Industry Related

Due Diligence Obstacle Course

Attorney Dan Doyle discusses the recent decision in Caterpillar Financial Services Corporation v. Peoples National Bank, which could make refinancing leased equipment more complicated and cause leased equipment to be less valuable, if the opinion is strictly applied outside of the Seventh Circuit.... read more

Buy/Sell in Today’s Environment

In evaluating the future of the equipment financing industry, GE Capital Markets' Lou Vigliotti explains that while much remains the same, there are trends — as well as regulatory and accounting uncertainties — that executives should consider as they position their companies for growth. ... read more

‘Roadshow for Growth’

The Monitor catches up with Mike Pilot, GE Capital's chief commercial officer, to discuss the lender's “Roadshow for Growth.” The goal of the 20-city U.S. tour is to explore issues most critical to middle-market companies, connect with local community and government leaders and leverage a platform to share information and experiences.... read more

A New Lease on Life – Captives Take Control

No longer trailing in their parents’ footsteps, captives have revised their strategy for doing business in the post-recession economy. As The Alta Group's Paul Frechette explains, most captive finance firms today have the freedom to focus on intrinsic advantages and take control of opportunities as they arise.... read more

A Case for Accelerated Investment Growth Into 2014

Despite the underperformance in the second half of 2012, equipment & software investment will continue to be a reliable engine of growth, according to TD Bank economists Michael Dolega and Thomas Feltmate. Assuming domestic and international risks subside, TD anticipates that E&S investment will grow at annualized rates of 6.3% this year, before accelerating to 7.5% in 2014.... read more

Predicting the Future of Vendor Finance

Dexter Van Dango offers his thoughts on what the future holds for vendor finance, including an increase of quasi-captives and greater acceptance for digital documents and e-signatures. What won't change, he says, is the basic key to the vendor business — building and maintaining solid relationships.... read more

Insights From Vendor Finance Leaders

The Monitor asked the heads of leading vendor finance providers to discuss lessons learned from 2012 and to identify issues that are driving their decision making in 2013. We thank Ron Arrington at CIT Vendor Finance, Jeff Berg at De Lage Landen, Brian Madison at Key Equipment Finance, Paul Omohundro at Banc of America Leasing and Tim Reese at Wells Fargo Financial Leasing for sharing their insights.... read more

Flurry of Activity

In his analysis of the M&A market for equipment leasing companies, Bruce Kropschot notes that after a flat 2012, this year began with a flurry of activity — with acquisition announcements from Ervin Leasing, International Lease Finance and SeaCube Container Leasing. Based on what The Alta Group is hearing from a sizable universe of potential buyers and sellers that it monitors, the outlook for 2013 is somewhat promising.... read more

On the Buy Side…

The Monitor assembled a panel of buy desk leaders to share their views on the current lending environment, and all three echoed a familiar refrain — more of the same. However, while citing similarities to last year’s low interest rates, lack of demand and competitive pricing, our participants also noted overall optimism in transitioning from recession to growth.... read more

Creeping Along

As the economy continues its prolonged crawl toward recovery, we asked three independent equipment finance leaders to comment on availability of funding, credit quality and deal flow. While some note moderate improvement over recent years, the overriding sentiment is concern over the lack of robust economic growth to generate demand for funding.... read more

Asset Managers…Wait and See

In 2012, equipment replacement demand overshadowed capacity expansion, leaving the asset managers assembled for this year's Monitor roundtable discussion anticipating increased, but not dramatic, growth in equipment investment in 2013.... read more

Equipment Valuations: Risks & Opportunities

Alvarez & Marsal's Lauren Hill and Arthur Doering discuss the benefit in looking at equipment valuations in conjunction with the multitude of possible risks and opportunities in order to most successfully manage the equipment in your portfolio and negotiations at lease expiration. ... read more

Analysts Try, But There’s No Easy Way to Predict What Lies Ahead

We check in with four leaders of bank-owned equipment finance companies to get their take on the economy and attendant equipment demand, the impact of regulatory and accounting changes, how technology is playing a role in their respective businesses and how they see the landscape unfolding as we move into 2013. ... read more

Lease Securitization: New Challenges

The recent past has demonstrated that structured financing offers many benefits to originators and investors alike. In addition, the mechanics, enhancements and structural integrity of these securitized offerings have been validated. In the first of a two-part article, Peter Humphreys and Evan Kelson of Hogan Lovells discuss the finer points of lease securitization. Part 2 of this article will appear in the Monitor’s July/August edition.... read more

Community Banks

In the process of completing a recent research study grant on community banks and the equipment finance/leasing industry, Scott Wheeler says it became increasingly obvious that members of the leasing community need to increase their advocacy efforts to attract new participants into the industry.... read more

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Terry Mulreany
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