All Finance & Insurance articles – Page 2
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News
Bank earmarks £30m for leisure marine and other core sector start-ups
DF Capital confirms inventory finance support for start-up businesses in core sectors, including marine
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News
Sheffield Financial renews Honda retail financing program
Multi-year arrangement includes boat packages pre-rigged with Honda outboards
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News
Toyota Motor Credit Corp to expand its North American boat financing
The agreement will expand Toyota’s relationship with Bass Pro Shops and Cabela’s
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Interview
Wells Fargo Marine Group | Chad Lyon
Named commercial leader for Wells Fargo Distribution Finance Marine and RV group in May, Chad Lyon takes the reigns as head of the US bank’s significant leisure boating business following the retirement of Bruce Van Wagoner in April. IBI’s Craig Ritchie speaks with Lyon, coming into the leisure boat industry ...
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Interview
DLL Finance | Maarten Endel on boat finance
A subsidiary of Rabobank Group, DLL enters the leisure marine sector with launch of worldwide delear finance programs, leveraging its finance know-how and infrastructure to take market share in the boat business – a potential win-win for the industry
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News
DLL expands offerings to European leisure marine market
The global financial solutions provider will provide floorplan financing and lines of credit to qualified dealers
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News
Patrick Industries closes US$350m notes offering, credit facility
Increase in credit facility gives company ’dry powder’ for growth plans
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News
US marine lenders see highest Q1 volume in six years
More than three quarters of lenders see increase in loan volumes compared to Q1 2020
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News
Chinese company raises $15m for electric motors
Funds will be used to boost production as demand takes off; Forecasts see sales outstripping successful 2020 by a significant margin
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News
Swedish builder X Shore raises significant funds to boost US expansion
Swedish electric boat builder announces €15m round of funding backed by a group of investors; announces new factory
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Article
Part 3 | Prospects for change and rationalisation in the boating industry, plus the role of IPOs
IBI In-Depth: A three-part series tracking the mixed outcomes for investors from the early pioneers of fibre glass production to the latest wave of investment by private equity firms, wealthy individuals, state-backed Chinese corporations and initial public offerings – which are becoming more frequent as witnessed by today`s announcement ...
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News
Investor series to continue… Deals done, not done, and in the pipeline
The third and final part of the IBI in-depth series on the success and failures of investors in the boatbuilding business concludes on Thursday 21st January. Author David Tydeman provides background to some of the more recent acquisitions and divestments, and addresses the impact of recent IPOs both achieved and ...
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Article
Part 2 | Private equity-fuelled deals and Chinese investors enter the scene
IBI In-Depth: A three-part series tracking the mixed outcomes for investors from the early pioneers of fibre glass production to the latest wave of investment by private equity, wealthy individuals, state-backed Chinese corporations and initial public offerings.
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News
Part 1 | The early years to the Global Financial Crisis
IBI In-Depth: A three-part series tracking the mixed outcomes for investors from the early pioneers of fibre glass production to the latest wave of investment by private equity, wealthy individuals, state-backed Chinese corporations and initial public offerings.
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Video
IBI Interview with America’s largest marine finance group (trailer)
In the latest installment of the IBI Interview series, IBI North America correspondent Craig Ritchie speaks with Bruce Van Wagoner President of Wells Fargo Marine Group, the largest marine finance provider in the US market about market conditions, inventory levels and how boat manufacturers and dealers have been managing through ...
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Video
IBI speaks with Wells Fargo Marine Group in America
IBI North American correspondent Craig Ritchie speaks with Bruce Van Wagoner, President of Wells Fargo Marine Group in the US, about how the 2020 boat sales and finance market is shaping up in the context of this year’s extraordinary Covid-related business disruptions in mid-March, followed by the surprise surge of ...
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News
Sanlorenzo announces €50m supply chain finance program; 1,500 suppliers to benefit
Italian superyacht-builder signs deal with European investment bank
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News
Financial businesses take action on COVID-19
Two financial businesses – a Bermuda-headquartered international insurer and a leading French bank – are taking steps to provide the financial resources to cover for the impact of the COVID-19 pandemic.
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News
Sanlorenzo signs €10m financing contract
Italian superyacht-builder Sanlorenzo has signed a €10m financing contract with Cassa Depositi e Prestiti (CDP), a prominent Italian investment bank, to fund new investment in research, development and innovation for the period from 2020-2022.
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News
Yanmar partners with French finance specialist
Yanmar Marine International has signed a new partnership with boating insurance and financing specialist April Marine to offer affordable payment options to leisure customers buying Yanmar engines in France.