New Ventures

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

Star Hill Financial Launches Franchise Finance Division

Star Hill Financial, a certified Women Business Enterprise, created a new division: SH Franchise Finance. Star Hill Finance also added Mike Orlov and Greg McNally as senior vice presidents and business development officers and Christopher Wellbrock as senior vice president of credit. read more

Richmond Group Unveils New Outsourcing Services for Equipment Finance Companies

Richmond Group, an equipment and auto lessor advisory firm, launched two new outsourcing services aimed at providing savings in back-office processes and systems costs for equipment and auto finance companies. The new services are branded as “Move to Improve.” read more

Ritchie Bros. Officially Unveils Rouse Appraisal Services

Following its acquisition of Rouse Services last year, Ritchie Bros. combined Rouse with its own appraisal business to form a single entity: Rouse Appraisal Services. read more

JPMorgan Chase Launches Specialized Green Economy Team, Lehman to Lead

JPMorgan Chase Commercial Banking launched a green economy specialized industry team, which will be led by Brian Lehman, who was named the head of green economy. read more

Greenbrier Completes Formation of GBX Leasing

The Greenbrier Companies, an international supplier of equipment and services to global freight transportation markets, completed the formation of GBX Leasing, a special purpose subsidiary, to own and manage a portfolio of leased railcars primarily built by Greenbrier. read more

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