Peter Dew forms new pan-European asset finance recruitment agency

The recruitment sector within asset finance and leasing is as good a bellwether of the health of the industry as any. So when a new recruitment company is formed in the UK it is inevitably a cause for celebration. Peter Dew has just established fitsRecruitment in Reading and is on the lookout for clients in a selection of asset lending sectors ranging from automotive, IT, yellow goods to general equipment.

Peter Dew forms new pan-European asset finance recruitment agency

Oct 01, 2014

The recruitment sector within asset finance and leasing is as good a bellwether of the health of the industry as any. So when a new recruitment company is formed in the UK it is inevitably a cause for celebration. Peter Dew has just established fitsRecruitment in Reading and is on the lookout for clients in a selection of asset lending sectors ranging from automotive, IT, yellow goods to general equipment.

CIT Group is lead arranger in $325m helicopter deal

CIT Group has served as joint lead arranger and administrative agent in a $325 million senior secured credit facility to LCI Helicopters (LCIH), the helicopter leasing subsidiary of Lease Corporation International. The facility will be used to acquire new medium and heavy twin engine helicopters for onward lease to helicopter operators and includes an option to increase the facility size to $425 million. Financing was provided by CIT Bank, the US commercial bank subsidiary of CIT.  Terms of the transaction were not disclosed.

CIT Group is lead arranger in $325m helicopter deal

Oct 01, 2014

CIT Group has served as joint lead arranger and administrative agent in a $325 million senior secured credit facility to LCI Helicopters (LCIH), the helicopter leasing subsidiary of Lease Corporation International. The facility will be used to acquire new medium and heavy twin engine helicopters for onward lease to helicopter operators and includes an option to increase the facility size to $425 million. Financing was provided by CIT Bank, the US commercial bank subsidiary of CIT.  Terms of the transaction were not disclosed.

Fitch appraises the varying attributes of equipment leasing sectors

The truck, container, railcar and aircraft leasing sectors are commonly considered to share many common attributes. These include: reliance on wholesale funding; business cyclicality; and potential residual value risk. Nevertheless, there are some points of differentiation which can result in a more or less favorable credit view of the respective sectors.

Fitch appraises the varying attributes of equipment leasing sectors

Oct 01, 2014

The truck, container, railcar and aircraft leasing sectors are commonly considered to share many common attributes. These include: reliance on wholesale funding; business cyclicality; and potential residual value risk. Nevertheless, there are some points of differentiation which can result in a more or less favorable credit view of the respective sectors.

GE Capital’s divestment of its Nordic consumer business allows Santander greater potential for auto finance growth

GE Capital expects the completion of its GE Money Bank AB (Nordics) consumer finance business sale to Santander Consumer Finance S.A. (SCF) to be in Q4 2014. The deal was originally announced on June 21, 2014.

GE Capital’s divestment of its Nordic consumer business allows Santander greater potential for auto finance growth

Sep 30, 2014

GE Capital expects the completion of its GE Money Bank AB (Nordics) consumer finance business sale to Santander Consumer Finance S.A. (SCF) to be in Q4 2014. The deal was originally announced on June 21, 2014.

Promotion opportunities dwindle for finance company employees as firms slimdown their management structures

A fifth of finance and accountancy firms reduced their layers of management in the post-recession years. • A fifth of  financial services and accountancy employees say there are fewer layers of management in their organisation than five years ago • Fewer internal promotion opportunities leave staff facing job switches to gain promotion • Average of 4.7 layers of management in financial services & professional services firms, compared to 4.4 layers in UK companies.

Promotion opportunities dwindle for finance company employees as firms slimdown their management structures

Sep 30, 2014

A fifth of finance and accountancy firms reduced their layers of management in the post-recession years. • A fifth of  financial services and accountancy employees say there are fewer layers of management in their organisation than five years ago • Fewer internal promotion opportunities leave staff facing job switches to gain promotion • Average of 4.7 layers of management in financial services & professional services firms, compared to 4.4 layers in UK companies.

German rail lessor VTG’s Swiss acquisition makes it the largest private wagon hire company in Europe

German wagon leasing and logistics company VTG AG has agreed terms to acquire Swiss leasing company Ahaus Alstätter Eisenbahn Holding AG (AAE), in order to strengthen its position as the ‘largest private wagon hire company in Europe’. Subject to approval by the competition authorities, the transaction is expected to be completed in the first half of 2015.

German rail lessor VTG’s Swiss acquisition makes it the largest private wagon hire company in Europe

Sep 30, 2014

German wagon leasing and logistics company VTG AG has agreed terms to acquire Swiss leasing company Ahaus Alstätter Eisenbahn Holding AG (AAE), in order to strengthen its position as the ‘largest private wagon hire company in Europe’. Subject to approval by the competition authorities, the transaction is expected to be completed in the first half of 2015.

Daimler Financial Services hits new CV record

Daimler Financial Services (DFS) is currently financing more commercial vehicles than ever before. • August 2014’s new finance contracts rose 11% over last year • More than 900,000 commercial vehicles on the books in total • On average, every third truck, van or bus is financed or leased by DFS

Daimler Financial Services hits new CV record

Sep 30, 2014

Daimler Financial Services (DFS) is currently financing more commercial vehicles than ever before. • August 2014’s new finance contracts rose 11% over last year • More than 900,000 commercial vehicles on the books in total • On average, every third truck, van or bus is financed or leased by DFS

Motiva in new move to pre-empt end-of-life fleet costs

End-of-life penalties levied by some fleet leasing providers can run into many thousands of pounds on a large volume of vehicles. Motiva Group has launched a new service which aims to help businesses make significant savings on de-fleeting costs.

Motiva in new move to pre-empt end-of-life fleet costs

Sep 30, 2014

End-of-life penalties levied by some fleet leasing providers can run into many thousands of pounds on a large volume of vehicles. Motiva Group has launched a new service which aims to help businesses make significant savings on de-fleeting costs.

autofinance 11

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