Dec 15, 2017
Investment funds managed by affiliates of Apollo Global Management have acquired a majority shareholding in Haydock Finance. Established in 1980, Haydock is one of the largest independent finance companies in the UK, offering hire purchase and finance lease funding to business customers nationwide. It has gross receivables of more than £125 million and provides asset finance for business assets including buses, coaches, industrial plant and machinery, trucks, trailers, commercial vehicles, cranes, agricultural equipment, machine tools and renewables.
Dec 15, 2017
The credit quality of US equipment asset-backed securities (ABS) transactions will remain strong in the coming year, owing to debtors’ continued financial stability and economic growth, reports Moody's Investors Service. According to the credit agency’s 2018 outlook for US equipment ABS, despite recent weakness in the agricultural sector, overall delinquencies and losses will remain near historical averages.
Nov 09, 2017
More than half of Australian businesses expect the political environment to impact their ability to grow during 2018, new research has warned. SMEs and businesses in the electricity, gas and water sector are particularly sensitive to the political environment, according to Alleasing.