Bloomberg: GE Capital Will Sell Private-Equity Unit to Ardian

Citing sources familiar with the matter, Bloomberg reported that GE Capital has agreed to sell its private-equity investment group to Ardian for roughly $500 million.

According to Bloomberg, Ardian claimed the assets earlier this month in an auction process run by Evercore Partners.

Bloomberg also noted that Patrick Kocsi, the current leader of GE Capital Equity, and his team will continue to manage the assets and may receive additional capital to complete future deals by Ardian.

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