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Odessa Announces Investment from Thomas H. Lee Partners to Accelerate Growth

Odessa announced an investment from Thomas H. Lee Partners, L.P. (THL), a premier private equity firm that invests in growth companies. The strategic investment will support growth in the U.S. and international markets, expanding Odessa’s platform offering across financial services. read more

Dext Capital Expands Sales, Technology and Credit Teams with 12 New Hires

Dext Capital added 12 new employees. Dan Thomson, Kathy Cro, Tom Gutowski, Jeff Sporor and Ryan Pearson joined sales. Darryl McCulley and Kyler Nunan joined technology. Kim Tieu, Brooks Bocko and Evan Parrish joined credit. Tina Nielsen and Tessa Menees also joined the team. read more

Rosa Named Managing Director of Mitsubishi HC Capital (U.S.A.)

Mitsubishi HC Capital (U.S.A.) appointed Brian Rosa as managing director of its Corporate Asset Finance Division (CAF). Rosa most recently served as vice president of Portfolio Management at Macquarie Group. read more

Monitor Live+ Poll Shows 95% of Attendees Want to Improve Syndication Process     

A poll taken during the event, Monitor Live+ Syndication: Yesterday, Today, and Tomorrow, showed 95% of attendees want to improve their company’s syndication process. Of attendees who took the poll, 45% currently syndicate via email, 23% use a technology platform and 19% use encrypted email. read more

Associated Bank to Launch New Equipment Finance Vertical

Associated Banc-Corp announced plans to form a new equipment finance vertical, which will be launched in Q1/22. The new vertical will be supported by a team of multiple specialists with hiring expected to begin in Q4/21. read more

Citizens Financial Group to Acquire JMP Group

Citizens Financial Group and JMP Group entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. read more

ELFF Survey Shows Positive Portfolio Performance and Increased Staffing Levels

The Equipment Leasing & Finance Foundation released the results of its second quarterly COVID-19 Impact and Recovery Survey, which reveal equipment finance companies’ staffing performance, work-from-home expectations and portfolio metrics, including deferrals, defaults and originations. read more

Prykull Receives 2021 Cindy Spurdle Award of Excellence During CLFP Day

Kevin P. Prykull, CLFP was presented with the 2021 Cindy Spurdle Award of Excellence on August 26 during a 15-minute celebratory “CLFP Day” virtual call with nearly 300 CLFPs and associates in attendance. read more

Capital One Provides $1.2B Asset-Based Revolving Credit Facility to EquipmentShare

Capital One served as administrative agent for a $1.2 billion senior secured asset-based revolving line of credit for EquipmentShare, an equipment rental supplier for the construction industry. read more

Crestmark Equipment Finance Provides Sale-Leaseback Financing for FuelCell Energy

FuelCell Energy closed on a tax equity sale-leaseback financing transaction for the 1.4-megawatt SureSource 1500 biofuels fuel cell project with the City of San Bernardino Municipal Water Department in California with Crestmark Equipment Finance. read more

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Terry Mulreany
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