According to a report from The Australian, Tudor Investment Corp. has emerged as a bidder for GE Capital’s commercial finance loans in Australia, with a potential value of $5 billion.
The Australian noted that the portfolio of active loans is worth approximately $3 billion, but there is $2 billion in untapped lines of credit that would inflate the overall value of the portfolio.
Tudor would be in competition with the Macquarie Group and some private equity firms such as TPG Capital, said The Australian.
Read the full report from The Australian here.
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Dec 1, 2016 - GE Capital Sells $3.6B Investment in Italian Bank
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Aug 15, 2016 - GE Capital Receives Binding Offer to Sell French Mortgage Portfolio
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Apr 8, 2016 - CWB Acquires GE Capital’s Canadian Franchise Finance Business
Jan 15, 2016 - GE Agrees to Sell Appliances Business for $5.4 Billion
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Dec 15, 2015 - GE Sells Japanese Commercial Leasing Business to Sumitomo Mitsui
Dec 10, 2015 - GE Capital Passes $100B Threshold of Transactions Closed
Dec 7, 2015 - GE to Sell Mexican Equipment Lending Platform to Linzor Capital Partners
Dec 7, 2015 - GE Completes Sale of $5.9B UK Home Lending Portfolio
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Dec 2, 2015 - GE Completes Sale of Healthcare Services Business to Capital One
Dec 2, 2015 - GE Completes Transportation Finance Sale to BMO
Nov 18, 2015 - Synchrony Financial Completes Separation from GE
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Nov 4, 2015 - GE Completes Sale of European Fleet Services to Arval
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Oct 16, 2015 - GE Reports $126B of Signed Dispositions, Will Close $100B by YE
Oct 16, 2015 - WSJ: Wells Fargo’s Pursuit of GE Assets Likely Over
Oct 14, 2015 - Wells Fargo Buys GE’s $32B Lending/Leasing Businesses
Oct 12, 2015 - Reuters: GE Nears Deal to Sell $30B of Loans to Wells Fargo
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Sep 11, 2015 - GE Exploring Sale of Asset Management Arm
Sep 2, 2015 - Bidders for GE Capital’s Australian Units Down to 3
Aug 28, 2015 - Contenders Emerge for GE Capital Australian Assets
Aug 24, 2015 - GE Completes Sale of U.S. Sponsor Finance Business to CPPIB
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Aug 18, 2015 - Early Returns on GE Capital Sale Spark Moody’s Upgrade
Aug 14, 2015 - GE Capital Sells Deposit Platform to Goldman Sachs
Aug 12, 2015 - Capital One Acquires GE Capital’s Healthcare Finance Unit
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Aug 3, 2015 - FSOC Says GE Capital Still ‘Systemically Important’
Jul 31, 2015 - GE Capital Sells Japanese Office Holdings
Jul 29, 2015 - Reuters: Fed Tells GE Capital to Upgrade Resolution Plans
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Jul 20, 2015 - GE Capital CDF CEO Comments on Sale of Business
Jul 17, 2015 - GE Reports Q2 Net Loss on Discontinued Operations Charges
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Jul 1, 2015 - Reuters: Sherin Sees Asset Sale Pace Speeding Up in Q3
Jul 1, 2015 - GE Agrees to Sumitomo Mitsui’s Offer for European Sponsor Finance Business
Jun 29, 2015 - Element, Arval to Acquire Majority of GE Fleet Business
Jun 23, 2015 - WSJ: Sumitomo Mitsui Interested in GE’s Rail Business
Jun 17, 2015 - GE Capital Releases Q2/15 Fleet Market Economic Outlook
Jun 16, 2015 - NYT: GE Said to Struggle to Find Buyers of Australian Units
Jun 12, 2015 - Wells, TD Explore Bids for GE Lending Assets
Jun 10, 2015 - GE Sells U.S. Sponsor Finance Business to CPPIB for $12B
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Jun 8, 2015 - WSJ: GE Close to Private Equity Sale to CPPIB
Jun 4, 2015 - GE Said to Hire Banks to Start Sale on $20B Assets
Jun 1, 2015 - GE Launches Sales Process for Portion of Commercial Lending Units
May 29, 2015 - GE Selects Deutsche Bank to Sell GE Capital Interbanca
May 28, 2015 - GE Capital CEO Prioritizes Sale of Private Equity Assets
May 27, 2015 - Bloomberg: GE, Element in Talks over Fleet Assets
May 26, 2015 - Rumor: Element’s $2.5B Raise Tied to GE Capital Fleet Acquisition
May 21, 2015 - Element Financial to Raise $2.2B to Fund Future Acquisitions
May 21, 2015 - GE Said to Be Running Ahead of Schedule on Asset Sales
May 13, 2015 - Banks Have Advantage Over PE Firms in GE Antares Bidding
May 11, 2015 - WSJ: GE Capital Bidders Said to Sign ‘Nonhire’ Clause
May 1, 2015 - Bloomberg: Oaktree Has Interest in GE Capital Assets
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Apr 21, 2015 - WSJ: GE in Talks to Sell U.S. CLL Business to Wells Fargo
Apr 21, 2015 - GE Capital Finances AAA Acquisition
Apr 20, 2015 - Moody’s: GE Capital Asset Disposal Will Alter ABS Landscape
Apr 17, 2015 - GE Capital Q1/15 Net Loss of $14.7B After ‘Exit Impacts’
Apr 15, 2015 - NYT: Investment Bankers Will Feel the Pain of GE Capital Spinoff
Apr 15, 2015 - GE Capital Fleet Services Introduces BrightWorks Insights
Apr 14, 2015 - GE Capital Will Look Like a Captive in 2018
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Apr 13, 2015 - GE’s Decision to Sell Most of GE Capital ‘End of an Era’
Apr 13, 2015 - GE Shares Finish at Highest Level Since 2008
Apr 13, 2015 - Blackstone, Wells Fargo to Acquire GE Capital’s CRE Assets
Terry Mulreany
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