News

Baker Hughes Receives Gas Technology Equipment Order from Venture Global

Baker Hughes was awarded a major contract in Q3/23 to provide a modularized liquefied natural gas (LNG) system and power island. The contract was awarded under a master equipment supply agreement between Venture Global and Baker Hughes. read more

Horizon Technology Finance Provides $40MM Venture Loan to Elligo Health Research

Horizon Technology Finance provided a $40 million venture loan facility to Elligo Health Research, of which $25 million was initially funded. read more

Wintrust Specialty Finance Appoints Schafer VP of Business Development – Technology

Carol Schafer joined Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, as vice president of business development – technology. Schafer will be located in the Cincinnati area and will be focused on expanding Wintrust Specialty Finance’s overall technology vendor lending business. read more

First Business Specialty Finance Selects Syndifi as Equipment Finance Syndication Platform

Syndifi, the cloud-based syndication software provider built specifically for the equipment finance industry, announced its newest partnership with First Business Specialty Finance, a wholly-owned subsidiary of First Business Bank. read more

U.S. Bank’s CFO Insights Report Shows Finance Leaders Have Shifted to Defense Mode

U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to U.S. Bank’s 2023 CFO Insights Report. read more

Willis Lease Finance Chooses Site in UK for New Sustainable Aviation Fuel Plant

Willis Lease Finance, a lessor of commercial aircraft engines and a provider of aviation services, together with its subsidiary, Willis Sustainable Fuels (UK) Limited, selected Teesworks in Tees Valley, England, as the intended location for a sustainable aviation fuel (SAF) plant. read more

Alfa’s Innovation in Implementation Series Concludes with Focus on People

Alfa, an asset finance software solutions provider, announced the fifth and final installment in its Innovation in Implementation series, Establishing Winning Frameworks and Teams, which explores the indispensable role of people in mitigating the risks associated with large and complex technology transformations.  read more

CIBC Innovation Banking Provides $3.5MM in Debt Financing to Nanoprecise

CIBC Innovation Banking provided a $3.5 million debt financing facility to Edmonton, AB-based Nanoprecise, which plans to use the funds for working capital purposes. read more

Wells Fargo Sells $2B of Private Equity Investments in Norwest Funds

Wells Fargo sold approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds to a group of investors, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners and Pantheon. read more

Encina Lender Finance Provides $50MM Credit Facility to Bright Money

Encina Lender Finance closed a $50 million senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt. read more

Peoples Financial Services and FNCB Bancorp Enter into Transformational Strategic Merger

Peoples Financial Services and FNCB Bancorp entered into a definitive agreement under which Peoples and FNCB will combine in an all-stock strategic merger valued at approximately $129 million. read more

Financial Service Leaders Believe Sector is ‘Digitally Fit’ But Anxious About AI

While most financial service leaders are confident about the digital fitness of their businesses, 26% have “tech anxiety” about AI and machine learning, according to Kin + Carta. read more

Manufacturers Bank to Rebrand as SMBC MANUBANK

Manufacturers Bank will change its name to SMBC MANUBANK as it expands into new markets and industries, highlighting its decades-long affiliation with Sumitomo Mitsui Banking. read more

Banking is Becoming Byte-Sized with Rise of Embedded Finance

Banks must harness disruptive technologies and create their own or actively participate in digital ecosystems to remain at the heart of the banking universe, according to a global Economist Impact study. read more

Brookfield Infrastructure Partners Completes Acquisition of Triton International

Triton International Limited completed its acquisition by Brookfield Infrastructure Partners, through its subsidiary Brookfield Infrastructure Corporation (BIPC) and its institutional partners. read more

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