All articles by Claire Hack
Claire Hack
Frameworks may mean leasing fail
The widespread use of framework agreements has been linked to a potential fall in the amount of leasing used by public sector organisations. Fears that such arrangements could reduce the use of leasing by cutting out a significant section of leasing providers were raised by consultant David Shone. Shone, director of Digital Networks, said: “If a leasing company fails to get on a framework, its unlikely they will have another chance for four years.”
Bids for Atlantic wind farms
Eight companies have indicated their interest in creating a wind energy development off the coast of Maryland, US. All are hoping to lease a site 12 miles or more into the Atlantic Ocean The winning bidder will have to go through an extensive environmental impact study before work can begin.
New hire at Rivermore
Materials handling veteran Kevin Lofting has joined Rivermore Asset Finance as part of a bid to triple the companys turnover over the next two years.The founder and former managing director of Albury Asset Rentals has come out of retirement to take on the role at the UK materials handling and warehouse equipment finance specialist.
Syscap funds wireless package
IT funder Syscap has signed an exclusive deal with Wireless Logic to fund clients acquiring hardware, software and connectivity via its managed finance solution. Wireless Logic customers can acquire wireless devices such as smart meters, vehicle tracking units and rugged PDAs with a single monthly tariff, including all the costs connected with the solution.
Brazilian jets sold to Chinese lessor
The company signed a memorandum of understanding with CDB Leasing, which is controlled by the China Development Bank (CDB), in December 2009, aimed at generating financing opportunities for Embraer aircraft both in China and elsewhere.
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KEF to fund Hitachi medical kit
Key Equipment Finance has entered an exclusive, long-term agreement with Hitachi Medical Systems America. KEF will offer equipment financing options to medical facilities interested in Hitachi MRI, CT and ultrasound equipment KEF has also taken on experienced Hitachi Medical Systems leasing professionals to join its existing health care team.
GE Capital funds small appliances
GE Capital Corporate Finance is to be administrative agent for a $150m asset-based revolving credit facility for ArchBrook Laguna, an electronics and computer products distributor. The loan refinances and increases an existing credit facility; it will be used to aid growth and support working capital needs
Total appoints administrator
Total is a subsidiary of Daresbury Services Group (DSG), a company set up in early 2010 to act as an investment group in the asset finance sector.
Deloitte appointed Total administrator
Total is a subsidiary of Daresbury Services Group (DSG), a company set up in early 2010 to act as an investment group in the asset finance sector.
Udvar-Házy to issue IPO
Los Angeles billionaire Steven Udvar-Hzys new jet leasing company, Air Lease Corporation, aims to raise $100m in an initial public stock offering. Udvar-Hzys company said it planned to use the money to acquire commercial aircraft and for general corporate purposes. Udvar-Hzy stepped down as the chief executive of International Lease Finance Corp (ILFC), the company he co-founded, in early 2010