Mitsubishi UFJ Lease & Finance and Macquarie Group to form a joint venture.

Mitsubishi UFJ Lease & Finance, a provider of comprehensive leasing services including consumer lending, and Macquarie Group to form a joint venture. Financial terms were not disclosed. The joint venture is scheduled to be established in Australia in February 2021 after obtaining relevant regulatory approvals. It combines the asset finance expertise and knowledge of assets which the MUFJ has gained on a global scale with Macquarie’s platform, networks and deep local knowledge to create an agile leasing business covering information technology and energy assets available to small, medium and large scale leasing clients. The newly branded Vestone Capital entity brings together the strengths of the MUFJ and Macquarie to manage asset financing risk and provide bespoke leasing solutions.