All articles by Verdict Staff
Verdict Staff
Venture Finance wins packaging deal
Venture Structured Finance (VSF), part of Venture Finance group, has won a deal to provide an undisclosed amount of finance for InterFlex Scotland, part of Interflex Group, to acquire EBR Ltd, a flexographic printing company.
Vehicle Finance
Bibby Financial Services (BFS) has appointed Christian Alexander as business development manager to its Birmingham office. Alexander brings with him over 13 years of industry experience, having previously worked for The Royal Bank of Scotland Invoice Finance as its commercial development manager in Birmingham. His responsibilities at Bibby include developing and maintaining a network of key introducers in and around the Birmingham area, whilst increasing awareness among small and medium sized business of the financial solutions offered by BFS
Leasing deals of the past month across Europe
P&O Ferrymasters has appointed GEs TIP Trailer Services to maintain its fleet of 1,500 trailers in a six-year contract.
Banco Popolare may find partner for Italease by end-September
At least three companies are interested in forming a strategic partnership with its leasing and factoring affiliate Banca Italease, Banco Popolares managing director, Massimo Minolfi said in a recent conference call with analysts
HSBC Rail could be up for sale
The Group expects a sale price of £1.5bn and have been approached by potential buyers including Australian investment and infrastructure firms Babcock & Brown and Macquarie. Both these firms, in conjunction with UK private equity house Terra Firm and US insurer AIG, are also eager to buy out Royal Bank of Scotlands subsidiary Angel Trains
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HSBC AF largely unconcerned by credit crunch
Despite many banks having been forced to downsize their lending capacity due to the current economic crisis, the UK asset finance arm of HSBC does not expect any major change in its credit policy. Given that we have a strong capital base at HSBC we are reasonably immune to funding issues that are affecting the independents and the larger banks that dont have a stable capital base, Derren Sanders, head of leasing at HSBC, said
Changes in Demand for Plant & Machinery
Beginning this issue, Leasing Life, in collaboration with Tallon & Associateswww.assetbid.com will publish a monthly analysis of data on the demand for used assets
SEB reports ?8.9m profit at Latvian leasing unit
SEB Unilizings, the leasing subsidiary of the SEB group posted 6.26m lats (8.9m) of profit in 2007 up 18 per cent from the previous year. SEB Unilizings loan portfolio grew 25 per cent to 384m lats from a year ago, the Baltic Business Daily reported, citing SEB Unilizings spokeswoman, Liene Meklere
CIT to report up to $135m 4Q net loss
CIT Group Inc., which is scheduled to release its full year results on January 17, has made a string of write-offs and provisions that will contribute to a net loss of between $125m and $135m or 65 cents to 75 cents per share, in the fourth quarter ended December 31, 2007, the company said
Siemens FS on global expansion trail post Hungary sale
and Siemens Finance Zrt, which focus on healthcare, office equipment, IT, communication and other industrial equipment segments, because they did not fit with the companys new strategy of investing heavily in biggest growing sectors and regions, according to Jonathan Andrew.