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In the Marketplace
Stroock & Stroock & Lavan LLP has announced that Jeffrey W. Meyers has joined the firm as chair and Jon R. Mostel has joined as partner in the Energy and Project Finance Practice Group. Meyers and Mostel were most recently with Dewey & LeBoeuf LLP in New York. Meyers' principal areas of practice include the development and financing of domestic and international energy projects, as well as the acquisition and sale of interests in energy facilities and companies. Mostel's experience encompasses representing a wide range of clients in natural gas and electricity transactional and regulatory matters, including formation, mergers, acquisitions, dispositions, and regulation of energy sector companies; power generation project development; project and transmission line site selection; permitting; and environmental review.
Wells Fargo & Company has named Brent Malcom as executive vice president for its Equipment Finance Division. He will be based in Minneapolis and will lead equipment finance sales, credit, and service team and activities for the bank division of the newly combined Wells Fargo Equipment Finance and the former Wachovia Equipment Finance. Malcom has been with Wells Fargo for 21 years and most recently served as senior vice president and division manager of Wells Fargo Equipment Finance.
In a separate announcement, Wells Fargo Equipment Finance indicated that Chris Hobbs has been named as vice president to provide equipment finance solutions for companies in Raleigh and the eastern portion of North Carolina. Prior to joining Wells Fargo, Hobbs served as vice president and district sales manager for GE Capital, providing financing for equipment loans and lease transactions.
Direct Capital Corporation of Portsmouth, NH, has announced closing a three-year $50 million equipment lease-backed bank facility with the Lender Finance division of Wells Fargo Foothill, part of Wells Fargo & Company. This is the second financing program closed in the past six months by Direct Capital including commercial equipment financing and business loans. These two programs followed an announcement in January of the extension of an existing $100 million facility. Direct Capital was established in 1993 and is an independent leasing and finance company providing specialty finance solutions, including commercial equipment financing, commercial loans, and merchant cash advances.
In a separate announcement,
Direct Capital Corporation of Portsmouth, NH, has announced closing a three-year $50 million equipment lease-backed bank facility with the Lender Finance division of
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