News

Trinity Capital Provides $120MM in Equipment Financing to Rocket Lab

Trinity Capital committed $120 million in equipment financing to Rocket Lab, a provider of space launch services and advanced satellite technology. This financing comes on the heels of Rocket Lab's $515 million contract with the Space Development Agency to design, develop, produce, test and operate 18 satellites. read more

Western Alliance Bank Adds Rathwick and Anthony to Commercial and Industrial Team

Western Alliance Bank appointed Bret Rathwick and Michael Anthony to its commercial and industrial team, with Rathwick assuming the role of vice president and relationship manager in the bank’s Costa Mesa, CA, office and Anthony taking on a similar role in Los Angeles.  read more

Capital One to Acquire Discover for $35.3B

Capital One Financial and Discover Financial Services entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. read more

CNH Makes Minority Investment in Drone Imaging AI Company Bem Agro 

Equipment and services company CNH’s investment arm, CNH Ventures, took a minority stake in Bem Agro, a Brazilian startup that uses artificial intelligence to convert aerial field images — including those taken from machines, drones and satellites — into agronomic mapping reports. read more

AerCap Signs Lease Agreements for 17 Aircraft with Thai Airways

Aviation lessor AerCap signed lease agreements with Thai Airways for seven widebody aircraft, comprising four Airbus A350-900 aircraft and three Boeing 787-9 aircraft, and 10 Airbus A321NEO aircraft. read more

eCapital Strengthens Northeast Presence by Hiring Navatto as SVP & Business Development Officer

eCapital hired W. Calvin Navatto as a senior vice president and business development officer. Based out of the company’s New York office, Navatto will bolster eCapital’s presence in the Northeast region. read more

DLL Expands Public Finance Team in the US

The U.S. division of DLL expanded its public finance team by hiring Mark Casel, Jason Hennings and Kevin Law while choosing Derek Porter to lead DLL’s long-standing public financing experts Jeff Ray, Rob McIntire and Maggie Sexton as well as the three new hires. read more

Citi Names Cheng Head of Citi Commercial Bank in Hong Kong

Citi appointed Joy Cheng head of Citi Commercial Bank in Hong Kong, succeeding Anson Kwok, who retired on Jan. 1. Cheng has more than 30 years of experience and was previously head of corporate banking for Citi in Hong Kong. read more

Truist Sells $15.5B Insurance Brokerage Business to Private Equity Firms

Truist Financial reached a definitive agreement to sell its remaining stake in Truist Insurance Holdings, a subsidiary of Truist and the fifth largest insurance brokerage in the U.S., to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier & Rice. read more

Citizens Financial Group Appoints Atkinson to Board of Directors, Names Kelly Lead Independent Director

Citizens Financial Group appointed Tracy A. Atkinson to the company’s board of directors, effective March 1. Citizens also appointed Edward J. Kelly III a lead independent director, subject to his reelection, succeeding Shivan Subramaniam, who will retire from the board in April. read more

BNP Paribas Adds Senior Research Analysts to Equity Research Unit

BNP Paribas Exane, a unit of BNP Paribas that provides equity research, appointed five senior research analysts to its U.S. analyst team. read more

Hilco’s Specialist Bridge Lending Division Expands Team by Hiring Job

Hilco Real Estate Finance is expanding its team by hiring Charlie Job as an associate. Job started his career at NatWest Markets before joining Arrow Global, where he worked on distressed and special situations credit and equity investments across Europe. read more

Equipment Rental Company Mazzotta Rentals Hires Pera as Chief Operating Officer

Mazzotta Rentals, a supplier of construction equipment rentals, sales, service and parts, appointed Chris Pera chief operating officer. Pera most recently oversaw the growth and transformation of ABLE Equipment Rentals before its sale to United Rentals in 2023. read more

Class 8 Truck Orders Surged 45% Y/Y in January

According to final data from ACT Research, January Class 8 truck net orders reached 27,125 units, up 45% year over year. Meanwhile, net orders for Classes 5-7 were up 14% year over year at 19,954 units. read more

Reliant Capital Adds Funder and Operations Administrator to Team

Reliant Capital hired Kylie Link as a funder and Alexis Chen as an operations administrator, according to a LinkedIn post from the company. read more

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