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07 January 2008
BLOOMFIELD HILLS, January 7, 2008 — Macquarie Group (Macquarie), a diversified global financial services organization, today announced that it has completed the acquisition of CIT Systems Leasing. The business is now operating as Macquarie Equipment Finance.
Global Head of Macquarie Equipment Finance, Mr. Andrew Gee said, “We are delighted that the business and employees of CIT Systems Leasing are now integrated into Macquarie. CIT Systems Leasing is a leader in the North American marketplace and is a highly complementary fit with our existing operations in Europe, Canada and the Asia-Pacific. As part of Macquarie Equipment Finance’s global platform, customers, partners and vendors will benefit from truly international equipment financing solutions.”
Mr. Greg Goldstein, President of Macquarie Equipment Finance, LLC added, “We are thrilled to be operating as Macquarie and will continue to provide our customers with the high level of service and innovative technology leasing solutions that we are known for. In addition, the global scale and reach of Macquarie means that we will be able to provide new and existing customers with more flexible, international equipment financing solutions to better meet their business requirements.”
Existing CIT Systems Leasing offices are now operating as Macquarie offices. Terms and conditions of existing lease agreements will remain unchanged under Macquarie Equipment Finance.
For further information about Macquarie Equipment Finance, visit www.macquarie.com/mef
About Macquarie Equipment Finance
A member of the Macquarie Group, Macquarie Equipment Finance provides specialist IT leasing, equipment finance and services solutions for a wide range of technology-based equipment.
With offices located throughout the Americas, Europe and the Asia-Pacific and over 20 years in the industry, Macquarie Equipment Finance has a strong track record of providing asset finance and management solutions to corporate, university and government clients.
About Macquarie
Macquarie is a diversified international provider of banking, financial, advisory and investment services, with approximately US$200 billion of total assets under management (as of September 30, 2007). Headquartered in Sydney, Australia, Macquarie Group Limited (ASX: MQG) is a top 20 company listed on the Australian Securities Exchange with a current market capitalization of US$19 billion. Macquarie now employs more than 11,700 people in 25 countries including more than 1,500 people in the Americas.
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