News

Middle-Market M&A Volume Declined 14.3% Y/Y in Q1/23

According to Capstone Partners’ recently released Q1/23 Capital Market Update, total middle-market merger and acquisition volume declined 14.3% year over year in Q1/23. However, middle-market deal volume continued to outperform the broader M&A market. read more

Verdant Commercial Capital Named Top Workplace for Second Consecutive Year

For the second consecutive year, Verdant Commercial Capital was named a Top Workplace in the Greater Cincinnati and Northern Kentucky area by Enquirer Media. read more

KLC Financial Recognized as One of the Best Places to Work in Minneapolis

KLC Financial was recognized as a winner of the Best Places to Work award by the Minneapolis/St. Paul Business Journal. read more

Libra Group Launches Dedicated Space Leasing Company

Libra Group, a privately owned global business group whose subsidiaries own and operate assets in nearly 60 countries, launched Space Leasing International, a space leasing company dedicated to the full spectrum of space assets. read more

Insight Equipment Finance Expands Operations in Quebec

Insight Equipment Finance, a division of Insight Investments, expanded its equipment leasing operations into Quebec and appointed Anthony Zambon as vice president of equipment finance to manage operations in the region. read more

First Citizens Bank Acquires $123MM Maritime Portfolio of Greek Vessels

First Citizens Bank’s maritime finance group, part of the CIT division, completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. read more

DLL to Expand Floorplan Financing into Utility Trailer Market

DLL will expand its floorplan finance offerings into the utility trailer market in North America. With this expansion, DLL will work with manufacturers to develop tailored financing programs to meet the needs of the market and offer eligible dealers in the United States and Canada. read more

Small Business Owners Concerned About Employee Retention, Product Shortages and Inflation

According to the results of TD Bank’s 2023 Small Business Survey, inflation was identified as one of the top business concerns impacting small businesses, with others including employee retention and management, product shortages and keeping up with competition.  read more

Carlyle Names Redett New CFO and Head of Corporate Strategy

Global investment firm Carlyle announced John Redett will become the firm’s CFO and head of corporate strategy, effective Oct. 1. Redett will succeed Curt Buser, who has served as CFO at Carlyle since 2014. read more

White Oak ABL and White Oak Commercial Finance Provide $40MM Credit Facility to Invacare

White Oak ABL and White Oak Commercial Finance, the asset-based lending affiliates of White Oak Global Advisors, provided a $40 million North America ABL credit facility to Invacare Holdings, a manufacturer and distributor of medical equipment used in non-acute care settings. read more

Air Lease Announces Lease Placements for 2 New Airbus A220-330 Aircraft with Cyprus Airways

Air Lease announced long-term lease placements for two new Airbus A220-300 aircraft with Cyprus Airways, the national airline of Cyprus. Both new A220 aircraft will be delivered to the airline this month from Air Lease’s order book with Airbus. read more

Alta Group Chooses LoMonaco to Lead Business Assessment Practice

Gary LoMonaco, a director at The Alta Group who has worked with the firm’s strategy and competitive alignment practice since 2021, will now lead the global consultancy’s business assessment practice. read more

ELFA’s Climate Finance Working Group to Host Webinar on Inflation Reduction Act

The Equipment Leasing and Finance Association will host a free webinar, “ELFA’s Climate Finance Working Group Presents: A Briefing of the Inflation Reduction Act,” on June 22 from 2:30 to 3:30 p.m. EDT. read more

Canadian Businesses Lean on Revolving Credit Amidst Rising Financial Stress

According to the Equifax Canada Market Pulse Business Credit Trends Report for Q1/23, new data suggests a pattern of credit expansion and a significant shift in credit usage in Canada this year.  read more

APPROVE Finance Coordinator Achieves CLFP Credential

Mackenzie O’Connell, finance coordinator for APPROVE, recently earned the Certified Lease & Finance Professional credential. O’Connell has worked at APPROVE since 2019 and has held roles in customer support, recruiting and finance operations. read more

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