GE Capital Related Content

Element Closes GE Capital U.S. Fleet Acquisition

Element Financial closed the U.S.-based portion of the previously announced acquisition of the remaining North American fleet management operations of GE Capital. read more

Bloomberg: Wells Fargo Front-Runner for GE Railcar Unit

Bloomberg, citing sources close to the matter, reported that Wells Fargo has become the front-runner to purchase GE’s railcar financing unit. 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

Bloomberg: GE Considers Atlanta as New Headquarter Option

According to Bloomberg, GE is having exploratory talks about relocating its headquarters to Atlanta from Connecticut. 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

Former GE Capital SVP Joins Hilco Valuation Services

Hilco Valuation Services announced the appointment of Karin Gorynski as senior vice president, Business Development. Gorynski joins Hilco from GE Capital where she was lastly SVP of Equipment Sales. 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

Reuters: GE Capital Ponzi Scheme Lawsuit Dismissed

Reuters reported that a federal judge dismissed a lawsuit brought by Ritchie Capital Management against GE Capital alleging of aid in a Ponzi scheme. read more

GE Capital Supports Vitaligent Purchase of Jamba Juice Units

GE Capital’s Franchise Finance business said it loaned $11 million to Vitaligent for the acquisition of 77 Jamba Juice units, making it the largest franchise in the system. read more

GE Capital Provides $30.7MM to Serazen to Acquire 50 Hardee’s Units

GE Capital’s Franchise Finance business said it has provided a $30.7 million loan to Serazen to refinance debt and to acquire and re-image 50 Hardde’s units in NC and SC. 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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