GE Capital Sale Story Thread

Bloomberg: GE Capital Will Sell Private-Equity Unit to Ardian

Citing sources familiar with the matter, Bloomberg reported that GE Capital has agreed to sell its private-equity investment group to Ardian for roughly $500 million. read more

GE Completes Sale of European Sponsor Finance Business

GE completed the previously announced sale of its European Sponsor Finance business to Sumitomo Mitsui representing an aggregate ending net investment of approximately $2.1 billion. read more

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

Bloomberg reported that KKR and Apollo Global Management are seeking to acquire GE’s inventory finance arm, a unit with $11 billion in assets. read more

GE to Sell Transportation Finance Unit to BMO

GE reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group. The price of the sale was not disclosed, but GE Capital said the business has approximately $9 billion in assets. read more

GE Exploring Sale of Asset Management Arm

In another move to reduce the size of its financial business, GE will explore opportunities to sell GE Asset Management (GEAM) to another leading investment management firm. read more

Bidders for GE Capital’s Australian Units Down to 3

According to the New York Times, there are only three remaining contenders for the final round of the auction for GE Capital’s Australian commercial lending and leasing businesses. read more

Contenders Emerge for GE Capital Australian Assets

According to The Australian, China’s HNA Group and a consortium comprising Deutsche and Sankaty Advisors made it through to the second round of the process to buy GE Capital’s Australian assets. read more

GE Completes Sale of U.S. Sponsor Finance Business to CPPIB

GE said it completed the sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing an aggregate ENI of $10 billion to the CPPIB. GE said the transaction was valued at more than $11 billion. read more

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. read more

Early Returns on GE Capital Sale Spark Moody’s Upgrade

Moody's Investor Services upgraded GE Capital’s $830 million subordinated notes due September 2035 to A1 from A2, a direct result of the early success of GE’s downgrade plans for its financial arm. read more

GE Capital Sells Deposit Platform to Goldman Sachs

GE announced an agreement to sell GE Capital Bank’s U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA. read more

Capital One Acquires GE Capital’s Healthcare Finance Unit

In a transaction valued at approximately $9 billion, Capital One has signed a definitive agreement with GE Capital to acquire its Healthcare Finance unit. read more

Reuters: Capital One in Exclusive Talks for GE Healthcare Finance Arm

According to Reuters, Capital One has its sights set on GE’s U.S. healthcare finance unit, as it has entered into exclusive talks with the industrial giant. read more

FSOC Says GE Capital Still ‘Systemically Important’

In the most recent meeting of the Financial Stability Oversight Council, GE Capital’s status as a “systemically important financial institution” was not rescinded. read more

GE Capital Sells Japanese Office Holdings

According to multiple reports, GE Capital Japan sold 50 office properties in Tokyo and several other Japanese cities. read more

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