New 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

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

Enterprise Bank Launches Business Finance Group

Enterprise Bank & Trust said it has established Enterprise Bank Business Finance Group to provided asset-based lending services to businesses in its St. Louis, Kansas City and Phoenix markets. Daniel W. Fridrich, formerly with M&I Bank, will lead the group. read more

Deutsche Bank Alumni Form Meridian Asset Finance

Meridian Investments announced the formation of Meridian Asset Finance to be led by Rob Martorano, former Americas head of Deutsche Bank Securities’ Asset Finance and Leasing Group. read more

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

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

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

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... read more

Lease Police, RTR's Inspection Services Form Strategic Alliance

Lease Police of Plano, TX and Inspection Services, a division of RTR Services of Salem, OR, announced the formation of a strategic alliance, which gives leasing and finance companies the due diligence required to fully understand both new and existing vendor finance relationships. read more

Crane Aircraft Partners Launched to Focus on Aviation Industry

Crane Aircraft Partners has been formed to provide new investment options for investors, including direct investments in commercial aviation assets and the first aviation focused equity long/short hedge fund. read more

Regions Bank Launches Technology & Defense Banking Group

Regions Bank said it has formed a technology & defense banking group and named David Sozio to lead this effort. Regions will provide a full range of services with an emphasis on advisory services, syndicated financing and debt capital. read more

RTR Services Launches New Inspection Services Division

RTR Services announced the launch of a new Inspection Services division to assist brokers, lessors and funding sources with pre- and post-funding equipment inspections, site inspections and collection assistance. Jim Merrilees will lead the new division. read more

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

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

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

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