News Topics

Aircraft Deals

Aviation Capital Delivers Airbus A350XWB to Asiana Airlines

Aircraft lessor Aviation Capital Group delivered a new Airbus A350-900 to Asiana Airlines, the first of two A350-900 aircraft deliveries on long-term lease to Asiana. read more

Associations

ELFF Industry Snapshot Reports New Business Volume Off to Slow Start in 2019

The Equipment Leasing & Finance Foundation has released its Q2 2019 Equipment Leasing & Finance Industry Snapshot, a resource for industry participants to incorporate into executive briefings and presentations. read more

Economy

Survey: Restaurants will Add 1.6 Million New Jobs by 2029

The National Restaurant Association released its 2019 State of the Restaurant Industry Report that examines significant forces impacting and shaping the restaurant industry. Key findings surrounding economic conditions include: Restaurant industry sales are forecast to reach $863 billion in 2019;... read more

Equipment Sector

ACT: CV Data Indicates Demand Strength, Stagnating Freight Growth

According to the latest ACT Research State of the Industry: Classes 5-8 Report, March’s Class 8 metrics generally aligned with expectations, with the lone exception of cancellations, which continued to trend lower. read more

Industry

Tanenbaum Rejoins GA Global Partners as President

Jeff Tanenbaum rejoined asset disposition solutions provider GA Global Partners as president. He will be based in the firm's headquarters in Calabasas, CA. read more

International

Hitachi Capital UK Expands Vendor Solutions to New Subsidiary

Hitachi Capital UK, through its European Vendor Solutions division, created a subsidiary, Hitachi Capital European Vendor Solutions, in Amsterdam and opened a branch office in Dublin, Ireland. read more

Joint Ventures

DFNY, Dedicated Funding Enter into Strategic Partnership

Dedicated Funding NY formed a new partnership with Dedicated Funding, an equipment finance company that provides quick and simple financing solutions for titled equipment to businesses nationwide. read more

Lease Accounting

Study: Private Companies Still Not Ready for New Lease Accounting Rules

To provide a quantitative progress report on the status of compliance efforts for private companies of the new lease accounting regulations, LeaseAccelerator conducted a research study in late January 2019. The study showed private companies are reporting a lower state of readiness than public companies showed in last year's survey at this time. read more

Legal / Fraud

Fed Fines Standard Chartered $164MM

The Federal Reserve Board has fined Standard Chartered Bank of London and its parent company $164 million for the firm's unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Reserve. read more

Mergers / Acquisitions

Corcentric Completes Acquisition of Determine Cloud Platform

Corcentric completed its purchase of substantially all of the assets of Determine, a provider of global source-to-pay and enterprise contract lifecycle management solutions. read more

New Ventures

A&M Releases LeaseSCRE Tool to Estimate IBR

Alvarez & Marsal has launched LeaseSCRE (pronounced “lease score”), a web-based tool that uses machine learning to estimate an incremental borrowing rate (IBR) curve. LeaseSCRE provides companies with a streamlined and efficient mechanism to estimate the discount rates necessary to... read more

Of Interest

Ritchie Bros. Sells $47MM+ in Equipment at Houston Auction

At its second Houston auction of the year, Ritchie Bros. sold over 4,400 equipment items over two days for more than $47 million. read more

People

Rasch Joins Everlasting Capital as Finance Manager

Everlasting Capital appointed Justin Rasch finance manager on its business development team. Rasch will be based out of company’s headquarters in Rochester, NH. read more

Program Agreements

Verdant Expands Program Agreement with Hiab, Princeton Delivery Systems

Verdant Commercial Capital expanded on their multi-year vendor program agreement with Hiab USA and will now provide retail financing for Princeton Delivery Systems. read more

Recent Earnings

Merchants Financial Sees $3.47MM+ Net Income in Q1/2019

Merchants Financial Group announced first quarter net income of just over $3.47 million, according to MFGI President and CEO Gregory M. Evans. read more

Securitization

Wells Fargo Agents $302.7MM+ ABS Transaction for CCG

Independent commercial equipment finance company Commercial Credit Group closed a 144a privately-placed term asset-backed security transaction. Wells Fargo served as structuring agent and lead bookrunner on the $302.732 million financing. read more

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Terry Mulreany
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