The Alta Group’s Bruce Kropschot and James Jackson provide an update on M&A activity in the equipment finance industry and an outlook for 2017. They offer strategies for sellers and buyers to move a transaction from a letter of intent to a successful closing.... read more
March/April 2017
GE Capital’s non-U.S. activities are no longer subject to consolidated supervision by the UK’s Prudential Regulation Authority. read more
MAR 31, 2017 - 7:38 am
GE closed the sale of its French consumer finance business, GE Money Bank, and its operations in the French Overseas Territories to an affiliate of Cerberus Capital Management. read more
MAR 29, 2017 - 7:21 am
GE Capital veterans Mike Rogers and Kevin Lombardo joined the capital markets team at Citizens Asset Finance. read more
MAR 13, 2017 - 7:04 am
GE signed an agreement to sell its 43% stake in Hyundai Card (HCC) to Hyundai Commercial, Affinity Equity Partners, GIC and AlpInvest for an aggregate ending net investment (ENI) of approximately $1.3 billion. read more
FEB 2, 2017 - 7:44 am
GE placed an order with Bechtel for an engineered equipment package to power the Cricket Valley Energy Center. GE Energy Financial served as co-lead arranger and administrative agent for $1 billion in financing to support the project. read more
JAN 30, 2017 - 7:48 am
GE Capital will collaborate with GE Additive to sell and finance metal additive machines, allowing manufactures more access to 3D printing technology. read more
JAN 5, 2017 - 7:10 am
Online lender ApplePie Capital has entered into a $180 million franchise loan purchase agreement with TowerBrook Capital. ApplePie also announced the addition of Tim Morris, former CRO of GE Capital Franchise Finance. read more
DEC 13, 2016 - 6:59 am
GE sold its shares in GE Capital Interbanca in Italy to Banca IFIS. The transactions represents an ending net investment of $3.6 billion. read more
DEC 1, 2016 - 6:48 am
Reuters reported GE Capital International will offer 92.2 million shares in the Prague-listed Moneta Money Bank in order to exit its remaining stake in the lender. read more
NOV 17, 2016 - 7:16 am
GE Capital completed the spin-off of Bank BPH’s core bank to Alior Bank, representing an ENI of $3.6 billion. GE has closed $178 billion of transactions since announcing it would sell $200 billion of business by the end of 2016. read more
NOV 7, 2016 - 7:14 am
Fitch Ratings affirmed the ‘AA-/F1+’ Long-and Short-Term Issuer Default Ratings for GE and GE Capital Global Holdings following the agreement to combine GE Oil & Gas with Baker Hughes. read more
NOV 1, 2016 - 5:54 am
Thayne Lyman joined Technology Finance Corporation as chief financial officer. Lyman previously worked at Microsoft Financing, GE Capital and Sentry Financial. read more
OCT 20, 2016 - 7:06 am
GE completed the sale of its remaining 20% stake in Hyundai Capital Services for approximately $800 million. read more
OCT 17, 2016 - 6:36 am
Wells Fargo completed the purchase of the Europe, Middle East and Africa segment of GE Capital’s Commercial Distribution Finance business. read more
OCT 4, 2016 - 7:21 am