Field Shrinks in Competition For GE Capital Australian Assets

According to The Australian, TPG Capital is expected to bow out of the race for the $2 billion in remaining Australian assets of GE Capital.

TPG’s apparent exit leaves Macquarie, Lonestar Capital Management, Sankaty Advisors, which is the credit arm of Bain Capital, Deutsche and HNA Group as the top contenders, The Australian reported.

Citing sources, The Australian said that bidders for the next phase of the process will be contacted sometime in the next week.

Read the full report from The Australian here.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

  • Hidden
  • RAM Group Holdings does not share or sell your personal information. The information we ask you to furnish is limited to what is needed to process your order fully and completely. You may unsubscribe at any time. View our Privacy Policy.
  • Please Confirm permission for Monitor/Monitordaily to e-mail you.
  • Hidden

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.