News

Clifford Chance Appoints Cohen Managing Partner of New York Office

Clifford Chance appointed Ness Cohen managing partner of the New York office. Cohen’s practice focuses on real estate private equity and joint ventures as well as acquisitions, dispositions and financings involving real estate. read more

Aviation Capital Group Enters Lease Agreements with TAAG Angola Airlines for 4 Airbus A220 Aircraft

Aviation Capital Group entered long-term leases with TAAG Angola Airlines for four new Airbus A220-300 aircraft. The aircraft are scheduled to be delivered to TAAG in 2025 from Aviation Capital Group’s order book with Airbus. read more

Aerolease Signs LOI for 50 Electric Commuter Aircraft from Eviation

Eviation Aircraft, a manufacturer of all-electric aircraft, announced Aerolease, a leasing company based in Miami, signed a letter of intent for up to 50 commuter Alice aircraft. The the Alice model is a nine-passenger electric commuter aircraft. read more

Class 8 Backlog on a Downward Trajectory until 2024 Orderboards Open

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, the most notable data points this month were heavy duty and medium duty retail sales, which were each up by double digits on a year-over-year basis. read more

SVB Financial Group Sells SVB Securities to Management Team Backed by Baupost Group

SVB Financial Group entered into a definitive purchase agreement with the management team bidder group led by Jeff Leerink, SVB Securities' CEO and founder, and backed by funds managed by The Baupost Group for the sale of its investment banking business, SVB Securities. read more

Customers Bank Acquires $631MM Venture Loan Portfolio, Recruits Venture Banking Team

Customers Bank acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book value. Customers Bank also recruited 30 team members from the group that originated the loans to service the venture-backed growth industry. read more

Cohn & Dussi’s Delaney Named to 2023 Super Lawyers List

William J. Delaney, counsel at Cohn & Dussi, was recognized by Super Lawyers for 2023. Delaney has been named to the Super Lawyers list for bankruptcy every year since 2008. read more

ABI to Hold Second Virtual Public Hearing on Subchapter V of Chapter 11 of Bankruptcy Code

The American Bankruptcy Institute’s Subchapter V task force will hold its second virtual public hearing at 3 p.m. EDT on June 23 to receive witness testimony regarding eligibility issues related to Subchapter V of Chapter 11 of the U.S. Bankruptcy Code. read more

United Rentals to Conduct Trench Safety Training Series

Equipment rental company United Rentals will hold a series of virtual trench safety educational sessions that support the National Utility Contractors Association’s 2023 Trench Safety Stand Down this week. read more

Union Leasing Partners with Fleetworthy Solutions

Union Leasing, a fleet management provider, selected Fleetworthy Solutions, a provider of regulatory compliance software and managed services, as its preferred regulatory compliance partner. The partnership will facilitate Union Leasing's resale of Fleetworthy's solutions. read more

RBB Bancorp Appoints Lee President and Chief Banking Officer

RBB Bancorp appointed Johnny Lee president and chief banking officer of Royal Business Bank and RBB Bancorp. Prior to joining the company, Lee held the position of senior managing director and head of international and commercial banking at East West Bank. read more

First Federal Bank Acquires Mortgage Division of BNC National Bank

First Federal Bank acquired the assets and added the team of employees from BNC National Bank's mortgage division. read more

Monitor’s 50th Anniversary Event Sparks Innovation, Honors Equipment Finance Industry Leaders

Monitor, the leading publication in the equipment finance industry, held Converge, its 50th anniversary celebration, in Philadelphia on Wednesday and Thursday, featuring a full-day conference and an evening gala during which it announced the winners of the 2023 Converge Awards. read more

KBRA Assigns Preliminary Ratings to Channel Partners Capital’s Third Small Business ABS

Kroll Bond Rating Agency assigned preliminary ratings to four classes of Series 2023-1 notes issued by CPC Asset Securitization II, which will issue four classes of Series 2023-1 notes totaling $85 million. This represents Channel Partners Capital’s third small business ABS securitization. read more

Fleet Advantage’s Jones Receives Honors from TMSA and Progressive Grocer

Katerina Jones, chief marketing officer of Fleet Advantage was honored as one of three Trailblazer Top Brand Innovators by the Transportation Marketing and Sales Association and a Top Woman In Grocery by Progressive Grocer. read more

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