The Financial Post notes in a report on Element Financial’s posturing prior to its acquisition of GE Capital’s fleet operations in the U.S., Mexico, Australia and New Zealand that its prefund decision – raised $2.75 billion – was a “master stroke” because it gave Element a seat at the GE sell-off table.

The Post said without the necessary capital, GE had little reason to take Element seriously. Quoting Element’s financial and capital markets advisor for the offering, the Post said, “We raised the money, we went to the guys at GE and said, ’now do you believe us that we can do it.’”

Read the entire Financial Post report here.