International

Cerberus to Acquire Equipment Financier Axsesstoday

Alternative investor Cerberus Capital Management agreed to acquire Axsesstoday, a provider of equipment finance solutions to small and medium businesses in Australia. read more

Former Volvo Managing Director Joins Invigors EMEA

Invigors EMEA, the European arm of The Alta Group, brought on board Tor Bowen, former managing director of Australasia for Volvo Financial Services, as an associate, based in the UK. read more

National Bank of Ethiopia Grants First License to U.S.-Backed Company

The National Bank of Ethiopia granted the first financial services license to a foreign-owned company, Ethio Lease, a capital lease provider and subsidiary of equipment lessor Africa Asset Finance Company. read more

Cat Financial Launches Operations in India

Cat Financial, a wholly owned subsidiary of Caterpillar, launched its India operations with the opening of its Bangalore headquarters. It will operate under the name Cat Financial India. read more

Srei/Srei Equipment Consolidate, Will Continue Focus on Equipment Finance

Srei Infrastructure Finance and its wholly owned subsidiary Srei Equipment Finance approved a composite scheme of arrangement and amalgamation at a meeting of the Board of Directors. read more

IFC Leads $550MM ECB Investment Round in L&T Finance

L&T Finance will receive $550 million in an ECB investment round anchored by IFC, BNP Paribas, Citibank, and DBS Bank. L&T will use the $125 million of the funds to expand its farm equipment finance book. read more

MUFG Appoints Yeo to Global Advisory Board

MUFG appointed George Yeo, a former Singaporean minister for Foreign Affairs, to its Global Advisory Board. read more

Wesleyan Provides $18.9MM Asset Finance Facility to DND Finance

Wesleyan Bank, a specialist provider of commercial finance solutions, and DND Finance expanded their existing wholesale finance facility to include a £15 million ($18.9 million) asset finance facility. read more

Report: Chinese CV Truck Market Softening

China’s economy is likely to give less support to the heavy and medium truck markets in the short term, according to the most recent China Commercial Vehicle OUTLOOK. read more

FMO Approves $30MM Loan for Srei Equipment Finance

Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, received credit approval for $30 million from FMO, a Netherlands-based development finance bank. read more

Idinvest $379MM Fund to Support European SME Equipment Financing

According to Asset Finance International, European investment company Idinvest Partners plans to use its latest funding round to grow its equipment financing capabilities. read more

Hitachi Capital America Expands Trade Finance Solutions in Mexico

Hitachi Capital America, a specialty finance company focusing on commercial loans and leases, expanded its suite of working capital solutions in the Mexican marketplace. read more

Hitachi Capital UK Expands Vendor Solutions to New Subsidiary

Hitachi Capital UK, through its European Vendor Solutions division, created a subsidiary, Hitachi Capital European Vendor Solutions, in Amsterdam and opened a branch office in Dublin, Ireland. read more

Siemens Leader in European Patent Applications for 2018

Siemens submitted more patent applications than any other company in Europe in 2018, thus advancing to first place in the European Patent Office's application rankings. read more

Legal & General Provides $260MM to Support UK Transport Infrastructure

Legal & General provide £200 million ($260 million) in long-term debt financing to support the purchase of new rolling stock for the Wales & Borders franchise by Equitix and SMBC. read more

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