GE Capital Related Content

GE Completes Sale of Healthcare Services Business to Capital One

GE completed the previously announced sale of its GE Capital, Healthcare Financial Services U.S. lending business, representing aggregate ending net investment of approximately $8.3 billion, to Capital One. read more

GE Completes Transportation Finance Sale to BMO

GE completed the previously announced sale of GE Capital, Transportation Finance in the U.S. and Canada, representing $8.9 billion of net earning assets, to BMO Financial Group. read more

GE Completes Sale of Consumer Finance Business in AU & NZ

GE said it has completed the sale of its Australia and New Zealand consumer finance business, representing aggregate ending net investment of $4.3 billion to a consortium made up of Varde Partners, KKR and Deutsche Bank. read more

GE To Sell UK Home Lending Portfolio to Blackstone, TSSP and CarVal

GE agreed to sell a portfolio of first lien mortgage loans from its UK Home Lending business valued at $5.8 billion to Blackstone, TPG Special Situation Partners and CarVal Investors. read more

GE Capital CDF Extends, Increases Facility to MarineMax

GE Capital, Commercial Distribution Finance said it extended its financing program with MarineMax through 2018. In addition, CDF said it provided an increase in the facility of $260 million. read more

Two Bidders Remain for GE’s Japanese Commercial Finance Unit

According to the Wall Street Journal, Sumitomo Mitsui Financial Group and Shinsei Bank are the last two bidders in the running for GE’s roughly $5 billion Japanese commercial finance unit. read more

GE Names Waterbury General Counsel for GE Capital

GE appointed four new company officers, effective December 1, including the selection of Jim Waterbury as vice president, M&A counsel for GE and general counsel for GE Capital. read more

GE Announces Final Exchange Ratio of 1.0505 for Synchrony Exchange Offer

GE announced a final exchange ratio of 1.0505 in connection with its previously announced offer to exchange GE common stock for common stock of Synchrony Financial presently owned by GE. read more

GE Sells A&NZ Lending/Leasing Portfolios to Bain Capital Affiliate

GE said it has reached an agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital global credit affiliate Sankaty Advisors. read more

Reuters: Three Buyout Funds Said to be Vying for GE’s French Banking Arm

Reuters reported that three buyout funds are vying to buy General Electric’s banking unit in France which has approximately $6.6 billion worth of assets. read more

Former GE Capital SVP Joins NextDecade as CFO

Benjamin Atkins, who was formerly a senior vice president at GE Capital, has joined NextDecade, a development and management company of liquefied natural gas, as chief financial officer. read more

GE Completes Sale of European Fleet Services to Arval

GE has completed the previously announced sale of its European fleet services business, representing aggregate ending net investment (ENI) of approximately $2.8 billion, to Arval. read more

NYT: GE Capital May Sell Australian Businesses to Sankaty, Deutsche

The New York Times reported that GE Capital is in talks to sell its commercial lending and leasing businesses in Australia to Sankaty Advisors and Deutsche Bank. read more

GE Sells Treasury Building for $17MM

According to the Stamford Advocate, GE confirmed the $17 million sale of building in Stamford, CT that housed GE’s treasury department. read more

Burger Appointed GECAS President and CEO

GECAS announced the appointment of Alec Burger as its president and CEO effective January 1, 2016. Burger will take over the executive management of the business from Norman C.T. Liu who will stay on as chairman of GECAS until late 2016 when he will retire from GE. read more

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