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
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
I was between bites of a good bowl of oatmeal when I heard Andrew Ross Sorkin report on CNBC that General Electric CEO Jeff Immelt had just announced the company’s intent to sell off most of GE Capital, retaining only... read more
May 2015
University of Pennsylvania, Wharton School management professor Michael Useem said the idea of a GE Capital sale “has been under discussion for a long time. It was better for GE to wait to get a good price, and it’s been worth the wait.” read more
MAY 13, 2015 - 7:28 am
The Wall Street Journal reported that GE is putting its $5 billion Japanese commercial finance operation up for sale. read more
MAY 13, 2015 - 7:25 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
The Sydney Morning Herald reported that Wesfarmers will sell personal loans and a wider range of credit cards through supermarket chain Coles after ending a 20-year finance relationship with GE Capital. read more
MAY 4, 2015 - 7:29 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
Bloomberg reported that SunTrust, Apollo Global Management and Ares Management are weighing offers for a GE unit in the U.S. that lends to private-equity firms. read more
APR 27, 2015 - 9:39 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
According to a Moody’s Investor Service report the disposal of the majority of GE Capital’s assets will alter the ABS landscape. read more
APR 20, 2015 - 7:21 am
In a special report on Q/15 earnings, GE said GE Capital’s operating results, after the effect of “exit impacts,” was a net loss of $14.7 billion. GE also notes with regard to its GE Capital portfolio strategy, this is an “excellent environment for creating value from financial assets.” read more
APR 17, 2015 - 8:05 am
Terry Mulreany
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