All articles by Claire Hack
Claire Hack
DLL funds Vermeer Corp
Dutch funder De Lage Landen (DLL) has signed an agreement with American company Vermeer Corporation to provide equipment finance services across the US. The aim is to support registered industrial Vermeer dealers, and will provide retail leasing and financing to end-users. Rod Versteegh, president of the construction, transportation and industrial global business unit at DLL, said: “Vermeer presented themselves as the ideal partner for De Lage Landen.
Avolon raises $465m debt
Aircraft lessor Avolon has raised $465m (341m) in its third round of capital raising since May 2010. It takes the total amount of new capital raised to more than $2.5bn, including $650m in January 2011. The latest sum consists of a debt facility from a consortium of three US banks.
Avolon raises $465m in debt
Aircraft lessor Avolon has raised $465m (341 million) in its third round of capital raising since May 2010. It takes the total amount of new capital raised to more than $2.5 billion, including $650m earlier this month (January 2011). The latest sum consists of a debt facility from a consortium of three US banks
DLL appoints senior team
De Lage Landen International has made a number of senior appointments within its global vendor finance team. The lessor has promoted William Stephenson to chairman, global vendor finance, reporting to chief executive Ronald Slaats Stephenson has more than 25 years experience in vendor finance and has held senior positions within DLL since 1987
Avolon raises USD650 million
It has also agreed terms to acquire 11 new aircraft from four airlines under sale and leaseback, including two Airbus A320s to Philippine Airlines; three A320s to Indian carrier Indigo Airlines; three Boeing 737-800s to Air Berlin; and three 737-800s to Australian carrier Virgin Blue.
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Poland’s EFL up in 2010
Polish lessor Europejski Fundusz Leasingowy (EFL)has enjoyed solid growth in new business in 2010, with an overall rise of 20% compared to 2009 Vehicles performed particularly well, rising 24.1% to PLN 2.3 billion (594 million), while machinery was up 10% to PLN 790m. Bigger ticket assets like ships and aircraft also enjoyed a significant jump, rising to PLN 13.3m in 2010, compared to PLN 2.3m in 2009.
Clouds recede for UK’s 1pm
UK independent 1pm has signalled strong expectations for the year ahead following a return to profit for its financial first-half ending 30 November 2010. MD Maria Hampton said the company was very hopeful for the future after achieving a profit before tax of £63,000 (75,800) for the six-month period The result compared to a loss of £226,000 for the same months in 2009.
Strong tailwind lifts aircraft
Backlog of delayed orders now coming through is driving recovery Aviation finance is on the runway to recovery
Salonen steps up as Leaseurope chairman
New board of the European leasing body includes Lombard boss Alex Baldock Leaseurope has named Nordea Finance CEO Jukka Salonen as its new chairman, and has announced its new board members for the next two years.
Grenke upbeat for 2011
German funder Grenke Group has reported growth of 62.8% in new business outside of Germany for 2010, thanks to a high equity ratio and strong financing base. Total new business, including franchise partners and factoring, amounted to 693 million during the year, a rise of 39.4%