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
JUN 8, 2015 - 7:35 am
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
JUN 4, 2015 - 7:21 am
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
JUN 1, 2015 - 7:52 am
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
MAY 29, 2015 - 7:23 am
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
MAY 28, 2015 - 7:18 am
Bloomberg reported that GE is in advanced talks to sell assets in its $9 billion vehicle fleet-management business to Element Financial. read more
MAY 27, 2015 - 7:22 am
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
MAY 26, 2015 - 8:04 am
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
MAY 21, 2015 - 7:02 am
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
MAY 21, 2015 - 6:59 am
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
MAY 13, 2015 - 7:16 am
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
MAY 11, 2015 - 7:31 am
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
MAY 1, 2015 - 7:36 am
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
APR 29, 2015 - 7:18 am
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
APR 21, 2015 - 6:58 am
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
APR 21, 2015 - 6:55 am
Terry Mulreany
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