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Mergers & Acquisitions

Exclusive: Aldermore buys Heritable book

Thu, Mar, 11 2010

(Free) New UK bank Aldermore has effectively doubled the size of its asset finance portfolio by acquiring the lease book of Heritable Asset Finance (HAF).

Intesa’s VUB Banka acquires 100% of Slovak lessor

Tue, Mar, 9 2010

(Free) Italian banking group Intesa Sanpaolo has strengthened its presence in the Slovak leasing market, after its subsidiary VUB Banka gained full control of VUB Leasing.

Lessors launch bids to buy General Capital

Tue, Mar, 2 2010

Leasing companies and finance entrepreneurs have launched bids to buy the remaining portfolios of the two General Capital companies that collapsed into administration earlier this month, Leasing Life has learnt.

Investec acquires Universal and Leasedirect

Mon, Mar, 1 2010

(Free) Investec Asset Finance has expanded its presence in the UK broker market dramatically, acquiring the lease portfolio of Universal Leasing, as well as a majority stake in introducer Leasedirect Finance (LDF).

HSBC: £2 billion rail sale looming

Thu, Feb, 25 2010

(Free) HSBC is to sell its train leasing business, HSBC Rail, for a price of £2 billion.

BPLG to cut jobs following Fortis integration

Mon, Feb, 8 2010

(Free) BNP Paribas Lease Group (BPLG) might cut as many as 380 jobs following the Fortis Lease acquisition, according to French newspaper L’Echo.

3 Step IT acquires BPLG’s Nordic business

Tue, Feb, 2 2010

(Free) Finnish lessor 3 Step IT has acquired BNP Paribas Lease Group’s subsidiaries in Sweden, Norway and Denmark, it has been announced.

Uncertainty over Davenham future

Mon, Feb, 1 2010

Davenham Group has confirmed it is looking for a buyer. The AIM-listed company, whose asset finance portfolio exceeds £50 million (€57.7 million), said it was looking for a bidder who could take on the whole group or buy one of its arms.