The rebounding economy is creating a scenario where now is an ideal time for owners and private equity firms to sell. CIT executive offers insights on trends in private equity financing.
Mergers & Acquisitions announced that Gretchen Perkins won Dealmaker of the Year; GE Capital won Lender of the Year and HGGC was named Private Equity Firm of the Year.
ABF Journal invites readers to participate in its fifth annual ABL Marketplace Survey.
The Institute for Supply Management reported its Non-Manufacturing Index fell to 53.5% in April from 56% in March. The reading indicates continued growth in April, but at a slower rate, the ISM said.
Economic activity in the manufacturing sector expanded in April for the 33rd consecutive month, and the overall economy grew for the 35th consecutive month, according to the latest Manufacturing ISM Report On Business.
The pace of lending to small businesses continues to be at a standstill, according to PayNet’s Small Business Lending Index. Small businesses are becoming increasingly concerned about the economy, targeting their investments to replace worn out equipment, PayNet said.
A quarterly survey of senior loan officers by the Federal Reserve found that domestic banks are reporting an increase in demand for C&I loans from firms of all sizes. The report said many banks are easing terms, many doing so in response to more aggressive competition.
The Commerce Department reported that real gross domestic product increased 2.2% in Q1/12, after increasing 3.0% in Q4/11, according to the advance estimates by the Bureau of Economic Analysis.
In an opinion letter that appeared in the American Banker, Cobra Capital president Dale Kluga says, “Breaking up the big banks will create more competition for the most important source of any job recovery – U.S. small businesses.”
According to a story that appeared on CFO.com, some treasurers are looking for the slightest pickup in returns on their short-term cash, provided the risk falls within corporate investment policies.