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GRENKE HQ, Baden-Baden, Germany. Credit: GRENKE AG
GRENKE acquires 25% of online platform Miete24
GRENKE AG, a Germany-based lessor for small-to-medium-sized businesses, has announced its investment in Miete24 P4Y GmbH, amounting to a 25% stake plus one voting share.
Through this investment in the internet platform, GRENKE said it is adjusting its sales infrastructure, particularly in the specialist reseller area, while moving towards direct online business with commercial customers.
Crédit Agricole Auto Bank is born in wake of FCA Bank takeover deal
Following the 100% takeover of FCA Bank, Crédit Agricole Consumer Finance has created the Crédit Agricole Auto Bank. The Bank said its ambition is to become a multi-brand player in vehicle financing and leasing and in the mobility sector, with a target of at least €10 billion in outstandings by 2026 with 80% of new vehicles being “green”.
PEAC Solutions partners with Canadian Armada Credit Group
Vendor financing provider PEAC Solutions and Armada Credit Group Inc, a provider of equipment finance services in Canada, have announced their recent partnership. PEAC Solutions is a multi-national asset finance platform, operating in 13 countries across Europe, the UK, and the US, specialising in originating and servicing high-volume, small-ticket leases and loans with a variety of end-users.
DF Capital helps motorcycle distributor bring icon to UK
DF Capital has been working with Lukas Distribution throughout 2022 to design a working-capital solution to enable it to import and distribute the iconic BSA Gold Star motorcycle in the UK, the company said. BSA, owned by Indian billionaire Anand Mahindra, agreed on a new import deal with Lukas Distribution earlier this year and said its vehicles will be available from the start of 2023.
