KKR, Apollo to Pursue GE’s $11B Inventory Finance Arm



Bloomberg reported, citing people familiar with the matter, KKR and Apollo Global Management are seeking to acquire General Electric’s inventory finance arm, a unit with $11 billion in assets.

Bloomberg said the buyout firms made bids two weeks ago for GE Capital’s Commercial Distribution Finance business.

Bloomberg noted, according to the people, that GE could select a buyer by the end of the month for the unit, which arranges credit for retailers and manufacturers.

Access the full report from Bloomberg 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!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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.
www.abfjournal.com