News

Capteris Capital Closes $25MM Equipment Lease for Food Services Company

Capteris Capital closed a $25 million equipment lease facility for a food services company to finance various capital expenditures. read more

Huntington Adds Fund Finance Banking to Bolster Commercial Banking Offerings

Huntington National Bank added a fund finance banking team to support its sponsor finance business within the commercial bank. The 10-person team will provide financing directly at the fund level and expand coverage across the sponsor ecosystem. read more

UBS Completes Acquisition of Credit Suisse

UBS completed the acquisition of Credit Suisse, with Credit Suisse Group merging into UBS Group. The combined entity will operate as a consolidated banking group. read more

Citizens Adds 50 Senior Private Bankers in New York, Boston, Florida and San Francisco

Citizens Financial Group accelerated its private banking growth strategy with the addition of approximately 50 new senior private bankers and related support staff in Boston, Florida, New York and San Francisco. Many of the new team members were formerly with First Republic Bank.   read more

African Asset Finance Company Expands Pay-Per-Use Healthcare Program, Signs New Customer

EASE, a subsidiary of African Asset Finance Company that provides a pay-per-use program for equipment, launched its healthcare program in Nigeria and signed HTS Diagnostic Centre as its first customer. read more

Volvo Group Venture Capital Invests in Trucksters

Volvo Group Venture Capital invested in Madrid-based company Trucksters, a transport operator focused on providing long-distance transportation through a truck relay system based on big data and artificial intelligence. read more

Modern Technology Dramatically Transforming Future for IT Teams

According to a new report from International Data Corporation, there will be a substantial shift in the responsibilities of IT professionals over the next five years, spurred by the adoption of cloud computing and other modern technology. read more

30 ELFA Member Employees Complete Principles of Equipment Leasing and Finance Exam

The Equipment Leasing and Finance Association announced that 30 member employees completed its two-day, instructor-led “Principles of Equipment Leasing and Finance” curriculum, culminating in the completion of an exam and the awarding of certificates of achievement. read more

First Citizens Appoints Cadieux President of Silicon Valley Bank Commercial

First Citizens Bank appointed Marc Cadieux, a 30-year veteran of Silicon Valley Bank, president of Silicon Valley Bank's commercial banking business. Based in the California Bay Area, Cadieux will lead the SVB Commercial team of more than 1,000 bankers. read more

Hoang and Ip Named on Auto Remarketing Canada’s Under 40 List

Inovatec Systems, a provider of cloud-based software solutions for lenders, announced Tony Hoang, the company’s director of client operations and implementation, and Franky Ip, the company’s controller, were named to Auto Remarketing Canada’s Under 40 list. read more

PNC Adds Former PayPal Exec Garbach as Chief Marketing Officer

Jenn Garbach joined PNC Financial Services Group as chief marketing officer. Previously, Garbach served as the head of marketing transformation and operations at PayPal. read more

Avolon Extends and Upsizes Term Loan B Facility to $1.68B

Aircraft leasing company Avolon extended the TLB-3 tranche of its senior secured $2.92 billion term loan B facility from January 2025 to June 2028 through a new TLB-6 tranche. The company also upsized the tranche to $1.68 billion. read more

Griffin Global Asset Management Closes $1B Senior Unsecured Notes Offering

Griffin Global Asset Management, a commercial aircraft leasing and alternative asset management company, closed an aggregate principal amount of $1 billion senior unsecured notes through GGAM Finance Ltd. read more

Equipment Depot Enters Forklift Distribution Agreement with Narrow Aisle

Equipment Depot, an independently operated material handling and equipment rental company, entered a distribution agreement with Narrow Aisle, a UK-based articulated forklift truck developer and manufacturer. read more

BlackRock to Acquire Private Debt Manager Kreos Capital

BlackRock and Kreos Capital entered into a definitive agreement under which BlackRock will acquire full control of Kreos, which is a provider of growth and venture debt financing to companies in the technology and healthcare industries. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com