CIT Q1 Earnings Reflect Impact of OneWest Acquisition

April 28th, 2016
CIT Group reported Q1/16 net income of $147 million compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for Q1/16 was $152 million compared to $104 million in the year-ago quarter. “Since I recently became CEO and defined our strategy to become a leading national middle market bank, our team has been very focused on executing on our plan to improve returns as ...

Why Good Companies Are Nothing Without Great Managers

April 28th, 2016
The most important critical success factor in business is investing in the right management team and not investing in the right idea. Read this article: Why Good Companies Are Nothing Without Great Managers
Posted under: Business Management

Super G Provides $1.25MM 2nd Lien Loan to Complement Bibby ABL

April 27th, 2016
Super G Funding closed a $1.25 million second lien loan to complement an ABL provided by Bibby Financial Services . The client recently transitioned from a commercial bank lender to Bibby Financial Services Read the original post: Super G Provides $1.25MM 2nd Lien Loan to Complement Bibby ABL

Tiger Valuation Services Adds DiCapua as M&E Senior Appraiser

April 27th, 2016
Joseph DiCapua joined Tiger Valuation Services as a senior appraiser in its Machinery and Equipment Group. DiCapua brings to over 15 years of experience managing machinery and equipment valuation projects for major financial institutions. Continue reading here: Tiger Valuation Services Adds DiCapua as M&E Senior Appraiser

4 Mistakes to Expect From Millennial Managers

April 27th, 2016
Millennials are fast-tracking toward management. Here's why some will fail. Visit link: 4 Mistakes to Expect From Millennial Managers
Posted under: Business Management

Maranon Capital Supports Riverside Company’s Momentum Group Buy

April 27th, 2016
Maranon Capital was agent for a mezzanine debt investment to support the purchase of Momentum Group by The Riverside Company. Maranon was also a co-investor in the equity for the transaction. Irvine, CA-based Momentum Group provides exclusive, design-focused sustainable textile products for diversified office, hospitality, healthcare and university end markets. Go here to see the original: Maranon Capital Supports Riverside Company’s Momentum Group Buy