Of Interest

ECN Capital Completes Investment in The Kessler Group

ECN Capital completed its strategic investment in The Kessler Group on the terms previously announced. read more

Fairfax Increases Total Investment in Seaspan to $1B

Fairfax Financial Holdings entered into a definitive agreement to invest an additional $500 million of equity in Seaspan through the exercise of two tranches of warrants, increasing its total investment to $1 billion. read more

Ritchie Bros.’ Nashville Auction Features Late-Model Equipment

Ritchie Bros. will hold its next auction in Nashville, TN on June 7. The auction will feature equipment from nearly 100 owners, including a package of late-model gear from Nashville-based Resource Management. read more

Aviation Industry Mourns Passing of Serge Dassault

The EBAA joined with the NBAA in honoring the life and legacy of Dassault Group chairman emeritus and business aviation leader Serge Dassault, who passed away on May 28 at age 93. read more

CIT Northbridge Arranges Credit Facility for Greene’s Energy

CIT Northbridge Credit, the JV financing unit of CIT Group, served as sole lead arranger on a $20 million senior secured revolving and term loan credit facility for Greene’s Energy Group. read more

Marlin’s CEO and CFO to Participate in LD Micro Invitational Conference

Jeffrey Hilzinger and Taylor Kamp of Marlin Business Services will participate in the LD Micro Invitational Conference held June 4-6 in Los Angeles. read more

North American General Aviation Market to Grow 0.71% by 2023

According to ResearchAndMarkets, the general aviation market in North America is expected to register a CAGR of 0.71% and reach $13.55 billion by 2023. read more

Advanced Driver-Assistance Systems in Commercial Vehicles to Growth 16.3%

According to a report from ResearchAndMarkets, the global commercial vehicle ADAS market will grow at a CAGR of 16.3% between 2018 and 2022. read more

WTO: EU Provided $22B of Illegal Subsidies to Airbus

The World Trade Organization found the EU has failed to honor multiple previous rulings and has provided more than $22 billion of illegal subsides to European aircraft maker Airbus. read more

OCC Wants Banks to Increase Small-Dollar Lending

The Office of the Comptroller of the Currency is now urging U.S. banks to provide more “short-term, small-dollar loans,” Reuters reported. read more

Ritchie Bros.’ Chilliwack Auction to Feature Lineup of Forestry Equipment

Ritchie Bros. will conduct an auction in Chilliwack, British Columbia on May 30 which will feature more than 1,450 equipment items and trucks. read more

FDIC: Q1 Bank Earnings Up 27.5%; Chairman Warns of ‘Reach for Yield’

The FDIC reported Q1/18 aggregate bank earnings of $56 billion were up 27.5% from the same quarter last year. The FDIC chairman noted an “increasingly competitive lending environment has led some institutions to reach for yield.” read more

Small Banks Winners in Dodd-Frank Rewrite

Reuters reported small lenders will gain more than major banks from the Dodd-Frank rollback passed by Congress. read more

McLarty Capital Partners Rebrands as The Firmament Group

McLarty Capital Partners, a private capital provider to SMEs, has rebranded as The Firmament Group. read more

Fleet Advantage Earns CIO 100 Technology and Business Innovation Award

Fleet Advantage was named as one of the “CIO 100” for its fleet optimization solutions in North America, as selected by CIO Magazine. read more

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