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.

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