New Ventures

Former Maxium Financial Execs Launch Care Lending Group

Care Lending Group launched its new financing company led by CEO Paul McLean. With an initial portfolio in excess of $60 million, the company offers lending solutions to the golf and healthcare industries and other niche markets. read more

Insight Investments Expands into Canada, Taps Johnson to Lead New Business Unit

Insight Investments launched Insight Equipment Finance in Toronto, marking the expansion of its equipment leasing operations into Canada. Insight also hired Doug Johnson to oversee the expansion as executive vice president and country manager for Insight Equipment Finance. read more

Link Auctions Launches as Global Auction Company

Link Auctions launched as an auction company that extends capabilities in equipment appraisals, industrial auctions and asset remarketing for industrial companies and financial institutions looking to lean into evolving manufacturing technologies while continuing to serve traditional asset classes. read more

Amur Equipment Finance Introduces ‘Wildcat’ Program with Rates as Low as 3.99%

Amur Equipment Finance launched Wildcat, a specialized finance program to provide rates as low as 3.99% with terms of up to 72 months to ensure that its vendor partners have a range of financing options for their small business customers.  read more

CSI Leasing Launches Subsidiary in Japan

CSI Leasing expanded its operations in the Asia-Pacific region by opening a subsidiary in Japan. Cheng Chiin Ong, CSI Leasing’s current managing director and CEO of the Asia-Pacific region, will manage the new subsidiary. read more

HSBC USA Expands Sustainable Finance Offerings with Sustainability-Linked Loans

HSBC Bank USA, part of the HSBC Group, will begin offering sustainability-linked loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support sustainability initiatives. read more

First Commonwealth Enters Equipment Finance Business, Hires Boyer to Run Unit

First Commonwealth Bank will enter the equipment leasing and finance business with the addition of Rob Boyer to its executive team as executive vice president of First Commonwealth Bank and president of First Commonwealth Equipment Finance Group. read more

Wintrust Commercial Finance Launches Aviation Group, Hires Cole to Lead

Wintrust Commercial Finance launched Wintrust Commercial Finance Aviation Group, a new group supporting businesses in the aviation industry. Wintrust Commercial Finance hired Michael Cole as senior vice president to spearhead the development of the group. read more

EnTrust and SVPGlobal Acquire DVB Bank’s Aviation Investment and Asset Management Business

EnTrust Global and funds managed by Strategic Value Partners and its affiliates (SVPGlobal) completed the acquisition of DVB Bank Group’s aviation investment and asset management business, resulting in the formation of Deucalion Aviation. read more

KKR Launches Commercial Aviation Lending Platform, Buys $800MM Portfolio from CIT

KKR launched AV AirFinance Limited, a global commercial aviation loan servicer established by a team of industry professionals together with KKR. To support the launch, KKR and AV AirFinance agreed to purchase a nearly $800 million portfolio of aviation loans from CIT. read more

Tech Data Launches Captive Finance Company to Provide Payment Solutions

Tech Data launched Tech Data Capital, a captive finance company that offers payment solutions to help businesses acquire Tech Data technology products and services. read more

Stonepeak & Bellinger Acquire $1.1B Aircraft Loan Portfolio, Launch Aviation Investment Platform

Funds managed by Stonepeak Infrastructure Partners, a private equity firm specializing in infrastructure investing, partnered with Bellinger Asset Management to complete the acquisition of a $1.1 billion performing aircraft loan portfolio from National Australia Bank. read more

KWIPPED Launches SaaS Solution to Link Equipment Financing with Sellers at Point of Sale

After a year-long pilot program, APPROVE, a software-as-service (SaaS) solution powered by a network of equipment financing companies, officially launched this week. APPROVE is a product of KWIPPED, a technology innovator in B2B equipment e-commerce. read more

Moritt Hock & Hamroff Launches Closely-Held/Family Business Practice Group

Moritt Hock & Hamroff’s corporate/M&A, estate planning and employment practice groups created the firm’s closely-held/family business practice group. Brian Adelman, Jill T. Braunstein, Keith J. Frank, Stephen J. Ginsberg, Louis P. Karol and Tina M. Kassangana are the members of the new group. read more

BHI Launches Not-For-Profit Division, Kantor to Lead

BHI launched a new not-for-profit division, which will provide financial solutions to nonprofits. Andrea S. Kantor, a banker with 25 years of experience, will lead the new division. read more

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