GE Capital Sale Story Thread

WSJ: GE Close to Private Equity Sale to CPPIB

GE reportedly is nearing an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada’s largest pension fund. read more

GE Said to Hire Banks to Start Sale on $20B Assets

Bloomberg reported GE has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its healthcare, railcar and franchise finance divisions. read more

GE Launches Sales Process for Portion of Commercial Lending Units

Reuters reported General Electric launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, including its equipment finance business. read more

GE Selects Deutsche Bank to Sell GE Capital Interbanca

Reuters reported General Electric picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base. read more

GE Capital CEO Prioritizes Sale of Private Equity Assets

As General Electric seeks to unload most of its finance assets, it reportedly is prioritizing the sale of businesses providing lending to U.S. and European private equity firms, and healthcare businesses. read more

Bloomberg: GE, Element in Talks over Fleet Assets

Bloomberg reported that GE is in advanced talks to sell assets in its $9 billion vehicle fleet-management business to Element Financial. read more

Rumor: Element’s $2.5B Raise Tied to GE Capital Fleet Acquisition

The Financial Post reported a rumor that Element Financial’s announcement that it is raising $2.5 billion for acquisitions could possibly mean the company will be seeking to acquire GE Capital’s fleet leasing business. read more

Element Financial to Raise $2.2B to Fund Future Acquisitions

Element Financial announced it plans to sell $1,550 of subscription receipts, $500 million of debentures and $150 million of preferred shares. Element said it intends to use the net proceeds to fund future acquisitions. read more

GE Said to Be Running Ahead of Schedule on Asset Sales

Bloomberg reported GE is running ahead of schedule on its plan to eliminate the bulk of its lending unit, with about $100 billion of assets to be shed this year. read more

Banks Have Advantage Over PE Firms in GE Antares Bidding

In a post, The Deal notes that private equity firms with designs on GE Antares might find themselves at a disadvantage versus conventional banks since they already operate as Systemically Important Financial Institutions. read more

WSJ: GE Capital Bidders Said to Sign ‘Nonhire’ Clause

The Wall Street Journal reported GE has decided to keep its employees locked up by asking bidders for the GE Antares business to sign a “nonhire” clause. read more

Bloomberg: Oaktree Has Interest in GE Capital Assets

Bloomberg reported Oaktree co-chairman Bruce Karsh said Oaktree Capital Group is evaluating parts of General Electric, with “serious interest in a few things.” read more

GE Capital: Truck Transportation Spring 2015 Update

GE Capital said in its Spring 2015 Industry Update on Truck Transportation GDP growth slowed to 2.2% on an annualized basis during Q4/14. read more

WSJ: GE in Talks to Sell U.S. CLL Business to Wells Fargo

The Wall Street Journal reported General Electric is in talks to sell all or parts of its U.S. Commercial Lending and Leasing unit, with $74 billion in assets, to Wells Fargo and others. read more

GE Capital Finances AAA Acquisition

GE Capital announced it is providing financing as part of an $88 million senior secured credit facility to support the acquisition of America’s Auto Auction by Trinity Hunt Partners. read more

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