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In the Marketplace
Shackelford, Melton & McKinley, LLP of Dallas has announced that David G. Mayer has joined the firm's aviation practice as a partner. Formerly a partner at Patton Boggs LLP, Mayer will focus on aviation equipment purchases, sales, financing and leasing transactions, and structuring. In addition to his business aircraft practice, Mayer also represents individuals and companies in matters involving energy assets (including shale and wind energy equipment), vendor financing programs, technology, health care and other medical assets, manufacturing equipment, trucks, trailers, and off- and on-road transportation assets such as forklifts and construction (“yellow iron”) equipment. Mayer is a member of this newsletter's Board of Editors.
Colford Capital, a NY-based holding company, has acquired substantially all the assets of Equilease Financial Services, Inc. Equilease is based in Norwalk, CT and is an originator of equipment leases and loans, as well as purchases and services equipment lease and loan portfolios from banks and other specialty finance companies. Colford has created a new subsidiary, North Mill Equipment Finance LLC, expressly for the purpose of acquiring Equilease, and has made a substantial equity investment into North Mill EF, which it will use to originate new small-ticket leases through vendors, dealers and brokers, and to purchase additional lease portfolios under the new North Mill EF brand name. Gary Silverhardt, president, CEO and owner of Equilease, will become president and CEO of North Mill EF and also a minority shareholder. The Equilease team will join North Mill EF and continue at its current location.
Hitachi Capital America Corp. of Norwalk, CT has acquired the assets and operations of Michigan-based Hennessey Capital LLC, which will operate as a division of Hitachi Capital America to provide U.S.-based asset-based lending and factoring to businesses. Hennessey Capital provides working capital options for growing business-to-business companies that are post-revenue, in transition, or otherwise do not meet the credit guidelines of traditional bank lending.
Colford Capital, a NY-based holding company, has acquired substantially all the assets of Equilease Financial Services, Inc. Equilease is based in Norwalk, CT and is an originator of equipment leases and loans, as well as purchases and services equipment lease and loan portfolios from banks and other specialty finance companies. Colford has created a new subsidiary, North Mill Equipment Finance LLC, expressly for the purpose of acquiring Equilease, and has made a substantial equity investment into North Mill EF, which it will use to originate new small-ticket leases through vendors, dealers and brokers, and to purchase additional lease portfolios under the new North Mill EF brand name. Gary Silverhardt, president, CEO and owner of Equilease, will become president and CEO of North Mill EF and also a minority shareholder. The Equilease team will join North Mill EF and continue at its current location.
Hitachi Capital America Corp. of Norwalk, CT has acquired the assets and operations of Michigan-based Hennessey Capital LLC, which will operate as a division of Hitachi Capital America to provide U.S.-based asset-based lending and factoring to businesses. Hennessey Capital provides working capital options for growing business-to-business companies that are post-revenue, in transition, or otherwise do not meet the credit guidelines of traditional bank lending.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.