Dexter Van Dango

The equipment finance and leasing business is getting to be quite chaotic. Increased M&A activity surrounds us as investors seeking high yielding assets have begun to focus in on our industry. This week’s announcement that Rabobank Group is seeking to... read more

January 2016

Commercial Distribution Finance, a business of GE Capital, extended its inventory financing program with tractor distribution company Branson Tractor through 2019. read more

JAN 14, 2016 - 7:12 am

In the final installment of a three part series, Monitor editor, Rita E. Garwood, sits down with members of the ELFA’s Financial Accounting Committee — Bill Bosco, John Bober and Rod Hurd — as well as ELFA President and CEO Ralph Petta to discuss the ELFA’s Lease and Finance Accountants Conference as well as the association’s role in the lease accounting project. ... read more

2016

In its effort to divest most of GE Capital, GE signed $157 billion in transactions and closed transactions of $104 billion in ending net investment during 2015. read more

JAN 7, 2016 - 7:00 am

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Ice Energy hired Charles Costenbader as its new chief financial officer. Costenbader has 25 years of experience including 10 years in the Structured Finance Group of GE Capital. read more

JAN 7, 2016 - 6:28 am

In part two of a three part series, Monitor editor, Rita E. Garwood, sits down with members of the ELFA’s Financial Accounting Committee — Bill Bosco, John Bober and Rod Hurd — at the ELFA’s 2015 Lease and Finance Accountants Conference to discuss the implications of the new revenue recognition standard.... read more

GE signed an agreement to sell a 23.3% stake of Hyundai Capital Services to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.3% ownership of HCS over the following months. read more

DEC 22, 2015 - 7:24 am

Bloomberg reported that GE will return $26 billion through dividends and stock repurchases in 2016 to shareholders following the implementation of its plan to sell of financial assets and focus on the industrial side of the business. read more

DEC 17, 2015 - 7:24 am

GE signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing. read more

DEC 15, 2015 - 7:01 am

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GE said it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a SIFI. read more

DEC 10, 2015 - 7:26 am

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GE Capital, Corporate Finance served as administrative agent and lender on a $125 million revolver for Shearer’s Foods, a manufacturer and distributor of snack products. read more

DEC 9, 2015 - 6:30 am

GE signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners for ending net investment of approximately $1.1 billion. read more

DEC 7, 2015 - 7:07 am

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GE completed the previously announced sale of its UK home lending portfolio, valued at $5.9 billion to a consortium of funds managed by Blackstone, TPG Special Situations Partners and CarVal Investors. read more

DEC 7, 2015 - 6:48 am

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GE signed a memorandum of understanding for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net investment (ENI) of approximately $7.5 billion (€6.6 billion). read more

DEC 3, 2015 - 7:39 am

GE completed the previously announced sale of its GE Capital, Healthcare Financial Services U.S. lending business, representing aggregate ending net investment of approximately $8.3 billion, to Capital One. read more

DEC 2, 2015 - 6:28 am

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