FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


GE Capital CEO Prioritizes Sale of Private Equity Lending Assets, Reuters

May 28, 2015, 07:07 AM
Filed Under: Industry News

Reuters reported that General Electric is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday.

Reuters reported that Keith Sherin, chief executive of GE Capital, told an investor conference in New York that because these businesses have a lot of "franchise value...customers won't do any business with us unless they know who the owner is. We have to get those done quickly."
According to the Reuters report, GE Antares, which provides private-equity-related loans, is "in the marketplace, it's happening quickly," Sherin said.

Read the full Reuters report: "GE Capital CEO: Priority on Sales of Private Equity-Lending Assets"

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.