News

Economic Activity in Hospital Subsector Grows for Third Consecutive Month

Economic activity in the hospital subsector grew in November for the third consecutive month after contracting twice in a four-month period, with 35 consecutive months of growth reported prior to that, according to the Institute for Supply Management. read more

Dext Capital Expands Beyond Healthcare into New Industries

Dext Capital, known for its expertise in healthcare equipment financing, is expanding into a select group of new industries, including the fitness, technology, convenience store and automotive sectors. read more

Grant Thornton Survey Finds M&A Deals and Disputes are on the Rise

A new survey on mergers and acquisitions disputes from audit, tax and advisory firm Grant Thornton revealed that dispute activity has increased along with overall deal volume. read more

Fleet Advantage Receives Award from Food Logistics and Supply & Demand Chain Executive

Fleet Advantage was recognized as a top five overall winner of Food Logistics and Supply & Demand Chain Executive’s 2023 top software and technology providers award for the 10th straight year. read more

RSM US Middle-Market Business Index Moves Up as Firms Continue Investments

The RSM US Middle Market Business Index (MMBI), presented by RSM US in partnership with the U.S. Chamber of Commerce, increased to 132.9 in Q4/23 from 129.6 in Q3/23 on a seasonally adjusted basis. read more

CDB Aviation Enters Inaugural Sustainability-Linked Loan at $625MM

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, entered into an inaugural sustainability-linked loan anchored with a $625 million syndicated term loan facility. read more

Dodge Momentum Index Decreases 1% in November

The Dodge Momentum Index, issued by Dodge Construction Network, decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7. Over the month, the commercial and institutional components of the index both fell 1%. read more

Global Ship Lease CEO Webber Announces Retirement, Lister Named Successor

Ian Webber, CEO of Global Ship Lease (GSL), will retire from the CEO role he has held since the company’s inception in 2007 and will join GSL’s board of directors. Thomas Lister was appointed to succeed Webber as CEO. read more

First Citizens Supports Halifax Group’s Acquisition of Home Care Services Platform

First Citizens Bank’s healthcare finance business served as joint lead arranger and joint bookrunner on financing for The Halifax Group’s acquisition of the Worldwide Home Care division of Sodexo, a global home care services platform. read more

TopMark Funding Reports 8.6% YTD Increase in Funded Transactions, Hires Martin as Director of Accounting

TopMark Funding closed Q3/23 with a slight increase in funded transactions from the previous quarter and an 8.6% increase in year-to-date funded transactions compared with 2022. The company also recently hired George Martin as director of accounting. read more

Demand for Long-Haul Trucks and Trailers Remains Weak

According to Sandhills Global, inventory levels of used heavy-duty trucks and semitrailers continue to rise and are much higher than they were last year. Demand, however, has been lower due to turbulence in the freight sector, with reduced freight activity expected into 2024. read more

1st Equipment Finance Upgrades with Ivory Consulting’s SuperTRUMP Web

1st Equipment Finance, a subsidiary of FNCB Bank, selected Ivory Consulting Corporation’s SuperTRUMP Web platform to deliver bespoke financing solutions to its commercial clientele while empowering vendor partners to enhance profitability and win more business. read more

Jupiter Financial Rebrands as Jupiter Equipment Finance

Jupiter Financial, a provider of commercial equipment financing solutions, is rebranding as Jupiter Equipment Finance. This rebranding reflects the company's commitment to providing equipment financing solutions to businesses across the U.S. read more

Barclays Appoints Ali UK Head of TMT Coverage for International Corporate Banking

Barclays appointed Alishba Ali managing director and UK head of consumer and technology, media and telecoms in its international corporate banking business. Ali joined Barclays from JPMorgan Chase, where she was managing director and head of EMEA payments for mid-cap corporates. read more

Wells Fargo Believes 2024 Will Be a Pivotal Year for the Economy and Markets

Wells Fargo Investment Institute released its 2024 outlook, offerings its ideas for investors to consider in the new year. The institute believes the 2024 economic story could be a tale of two halves for fixed income and equities. read more

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