GE Capital CEO Prioritizes Sale of Private Equity Assets

Reuters reported, as General Electric seeks to unload most of its finance assets, it is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital’s top executive said.

Reuters reported that Keith Sherin, chief executive of GE Capital, told an investor conference in New York, that because these businesses have a lot of “franchise value…customers won’t do any business with us unless they know who the owner is. We have to get those done quickly.”

According to Reuters , Sherin said further, GE Antares, which provides private-equity-related loans, is “in the marketplace, it’s happening quickly,” and the process for a similar, smaller business in Europe is also “going quickly.”

To read the entire Reuters article, click here.

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

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

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.