All articles by Grant Collinson
Grant Collinson
Demand takes Euro Auctions Down Under
The Northern Ireland-based auctioneer, which sells used equipment including ex-lease, will open its first operation in the southern hemisphere at the beginning of next year. Euro Auctions, the largest UK-headquartered auctioneer of construction plant and industrial equipment, also has sites in Leeds in the UK, Dormagen in Germany and opened a site in Valencia, Spain a year ago.
US leasing upbeat despite October decline
The US leasing market experienced a 16% decline in business from September to October yet the industry outlook is positive according to figures from the Equipment Leasing and Finance Association (ELFA). The October figure is up 22% year-on-year from $4.9bn for the same period in 2010 while the 2011 year-to-date new business volume is up 25% on the first ten months of last year
Fleet Friday: Arval, WCG, Hitachi, Zenith.
Arval, the fleet leasing business of BNP Paribas, has appointed Liam Donnelly as head of its International Business Office (IBO) Donnelly will lead a team of more than 20 people which handles the fleet management needs of nearly 90 customer accounts globally
Glasses raised for leasing at Munich ceremony
Resplendent in gowns and freshly-pressed tuxedos, the European leasing community gathered this month to celebrate a strong year and reinforce the ties of a close-knit industry. After the eventful Leasing Life European Conference, the Arabella Sheraton in Munich was transformed for the Leasing Life Annual Awards dinner, where the years best performers were recognised and applauded by peers. The first to be recognised during the ceremony, hosted by Andrew Denton, chief operating officer of exclusive awards sponsor CHP Consulting, and IAA-Advisorys Derek Soper, was IBM Global Financing, named Captive Finance Provider of the Year.
GE Capital lend gets wheels moving in buyout
GE Capital has arranged a £15m invoice finance facility for a management buyout at commercial tyre firm Kings Road Tyres. The deal, which is secured against the companys receivables and inventory over a three year term, has enabled the companys management to acquire a majority stake in the business. Kings Road Tyres is a wholesaler and distributor of tyres for cars, commercial trucks, vans, agricultural and construction vehicles throughout the UK and Ireland and operates from a network of 12 branch depots with headquarters in Middlesex.
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DLA Piper expands East with asset finance hire
Erni will divide her time between offices in London and Moscow with a brief to strengthen DLA Pipers asset finance offering in the UK and Russia.
Collection Nightmares
Ever found yourself at the bottom of a Lancashire quarry in the rain to collect a JCB, only to discover no one is qualified to move it? Perhaps youve turned up at a construction site to collect scaffolding, only to find five other lessors there to do the same and no way to tell whats yours and whats not. Whatever your Collection Nightmare we at Leasing Life are looking for the worst repossession tales from the UK and Europe for this very diary page, so get in touch if you have a horror story worth sharing or perhaps a leasing myth youve heard.
Making the case for leasing
Amid the back-slapping, booing and all that talk of cats during this years party conference season, the trade bodies of the asset finance industry stated the case for leasing to MPs.
Leasing giants gather for industry summit
Leaders and decision makers from the European leasing industry are gathered in Munich for what promises to be the best Leasing Life European Conference & Award Ceremony yet. A host of asset finance heavyweights will take to the stage Thursday in the Bavarian capitals Arabella Sheraton to address delegates representing more than 60 of the leasing industrys biggest and brightest companies for the fifth annual conference.
Fleet Friday: Alphabet, Leasedrive & Hitachi
Alphabet UK has announced the appointment of a full-time integration team to manage the transition of ING Car Lease into the European fleet lessors UK structure.