All articles by Verdict Staff
Verdict Staff
Lithuanian construction lessor expands
Kausta Guder, a Lithuanian construction sales and leasing company, opened a new sales and service complex in Riga, Latvia on June 19
Alun Richards joins The Alta Group
The Alta Group, the global asset finance consultancy, has appointed Alun Richards as a principal in its EMEA Region Richards was managing director of Key Equipment Finances European region until October 2007
UniCredit launches Bulgarian yacht leasing
Italian yacht leasing hits low point amid crunch UniCredit now leasing yachts in seven countries
CIT challenges Moody’s downgrade
CIT Group Inc has spoken out against Moody’s Investors Service’s decision to downgrade the US lender’s debt rating
Editor’s Letter
For my money, right now, De Lage Landen is the most likeable company in European leasing
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FLA hires former accountant to fill new post
The Finance and Leasing Association (FLA) has appointed Julian Rose to fill its newly created post of head of Asset Finance and Data Policy
Crunch to cause slowdown at Hansa Leasing
After reporting a bumper 2007 in the Baltic markets, Hansa Leasing, the subsidiary of Hansabank and part of Swedbank AB, is bracing for a slowdown in growth as financial markets adjust to the effects of the global liquidity crisis The changes in global financial markets have had a strong impact on small countries like the Baltics, head of Hansa Leasing in Estonia, Mart Mgi, told Leasing Life
Hypo leasing in Marina talks
Hypo Alpe-Adria-Leasing, which had a record 2007, is in talks to finance a 60m marina deal on the Black Sea Coast The Austrian company, which last year financed 75 yachts in deals worth 50m, is currently in talks to finance the construction of three marinas on the Black Sea coast In Bulgaria total yacht sales have increased by 1,000 per cent since 2004, according to Georgi Mihov, a partner and manager at Venid Yacht
Host of lessors in UK’s biggest ever PFI
Despite the clampdown on capital allowances in long-funding leases, a host of banks have provided finance for a serviceinclusive lease believed to be the largest ever private finance initiative (PFI) contract for the UK public sector The capital funding for the project, the financing of the Future Strategic Tanker Aircraft (FTSA) for the Ministry of Defence (MoD), has been arranged in tranches of senior, mezzanine and equity bridge finance, syndicated among a number of banks, including Bank of Scotland, Lloyds, Calyon, Royal Bank of Canada and BBVA
GE Cap restructures transport arm five months after creation
GE Capital Solutions, the equipment leasing and financing arm of General Electric, has restructured its transportation arm as well as two of its other divisions just five months after its formation because of customer overlap The move has involved Capital Solutions transportation arm which was formed in January 2008 being shunted into a new business called Industrial The move has taken place because of concerns that the transport finance business, which specialises in leasing commercial vehicles on long-term contracts, was targeting the same customers as two other Capital Solutions divisions, construction and manufacturing