Trans Euro Asset Management (TEAM) was formed in 2003 as an arranger of operating lease transactions for European corporate customers, with a particular focus on industrial production equipment. The two founders of TEAM, Chris Jewell(below, left) and Simon Hamilton (below, right), had known each other for a number of years having worked together in the context of the Lombard/GATX operating lease joint venture and subsequently at GATX Europe.
]]>
As we emerge from a winter of uncertainty within the financial markets everyone is looking for the green shoots of business optimism, however it looks like we will be in for a continued period of further bad news if the March 20th announcement from CIT is a sign.Announcing “liquidity actions”, Jeffrey Peek, CEO of CIT Group arranged a call for analysts to ease fears of financial meltdown following recent ratings agency downgrades and tougher economic conditions. The stock price had plummeted to a 52 week low of $6.45, well down on the $61.47 peak of June 07.
Peek announced the drawing down of 4 facilities out of a group of 40 bank funding lines available to the business. In total CIT, drew down $7.3 bn dollars in funds all of which had differing maturities.
Although the bank facilities are not the preferred funding method, CIT admitted that
]]>There are many tools available to
In today’s environment, it is a time for governments, schools, businesses and individuals to go GREEN. Whether global warming reports are exaggerated or understated, energy conservation and energy optimization are important aspects of daily life in 2008. I am Curt MacRae, President of Midwest Leasing Group (www.midwestleasing.com) and we are doing what we can to become green, to work with other companies to help them become green, and to provide funding and ideas to promote energy conservation. To that end, we have joined the executive Board of Directors for Michigan Green.
In order to compete with global companies, Ukrainian manufacture requires modernization. The amortization of basic funds constitutes up to 87%. Throughout Ukraine, the volume of investments aiming at the renewal of the exhausted basic funds constitutes, according to different estimations, from $90 up to $106 bln; besides, from $36.8 bln to $48 bln are to be directed to various branches of industry (c. $19.4 bln to the manufacturing industry, $10.5 bln to the energy industry, and $ 5.5 bln to the extractive branch). The critical investment volume (equipment depraciation – c. 90%) is estimated at $16 bln. The main source of purchasing equipment is usually represented by the enterprises’ proprietory funds. But the insufficiency of internal resources may badly restrain the enterprises’ growth and development. Moreover, from the point of view of corporate financing, it is often non-profitable to finance one’s development fully or mainly by means of one’s own capital. And for the country’s small and medium-sized enterprizes and enterpreneurs, the development by means of their own capital is
]]>
Imagine prospecting a fabulous vendor on the very day they are contemplating changing leasing companies. You float out of that sales call as if you hit the lottery. When networking or prospecting your goal is to make a connection with a vendor or a lessee. A new business relationship connection is similar to a relationship with a new romantic partner, it’s all about timing and chemistry.
Unfortunately, in real life calling on a
]]>