Diversified Financial Services
Company Overview of General Electric Capital Corporation
General Electric Capital Corporation provides various financial products and services worldwide. The company’s Commercial Lending and Leasing segment offers secured commercial loans, equipment financing, and other financial services to companies in a range of industries, including construction, retail, manufacturing, transportation, media, communications, technology, and healthcare, as well as industrial, medical, fleet vehicle, corporate aircraft, construction, office imaging, and other equipment types. Its Consumer segment provides private-label credit cards, personal loans, bank cards, auto loans and leases, mortgages, debt consolidation, home equity loans, deposit and other savings produ...
901 Main Avenue
Norwalk, CT 06851
Founded in 1932
Key Executives for General Electric Capital Corporation
Chairman and Chief Executive Officer
President and Chief Operating Officer
Chief Financial Officer and Director
Compensation as of Fiscal Year 2014.
General Electric Capital Corporation Key Developments
GE Money Received Interest from Investors
Dec 22 14
KKR & Co. L.P. (NYSE:KKR) is reportedly bidding for GE Capital Finance Australia Pty Ltd (GE Money). General Electric Capital Corporation has put a price of AUD 1.5 billion for GE Money. Apollo Global Management, LLC (NYSE:APO), Macquarie Group Limited (ASX:MQG) and TPG Capital, L.P. are also showing interest in GE Money.
FlexiGroup, Varde And KKR Bids For GE Capital's Local Operations
Dec 15 14
FlexiGroup Limited (ASX:FXL), Värde Partners, Inc. and KKR & Co. L.P. (NYSE:KKR) joins race to acquire sales finance, credit cards and personal loans business of General Electric Capital Corporation, sources said. Indicative bids were submitted on December 12, 2014. FlexiGroup, Varde, and KKR are competing against consortium of TPG Capital, L.P., The Carlyle Group LP (NasdaqGS:CG), and The Blackstone Group L.P. (NYSE:BX) and Macquarie Group Limited (ASX:MQG) along with Pepper Australia Pty Ltd, Street Talk reported. Citi has reportedly been retained as advisor by FlexiGroup, Varde and KKR.
FlexiGroup May Not Remain In Race To Buy GE Assets
Nov 25 14
FlexiGroup Limited (ASX:FXL) may not remain in the race to buy General Electric Capital Corporation's AUD 7.5 billion-plus Australian and New Zealand consumer lending business. Potential suitors have begun digesting the details in the information memorandum for the GE business and have found it could be more profitable than originally thought. Based on a sale struck on a multiple of eight times earnings, a cheque of about AUD 2 billion would need to be written, almost double original estimates. So it is hard to see how FlexiGroup could make a deal work, sources say.Macquarie Group Limited (ASX:MQG) has been in talks about forming a consortium with Pepper Group and York Capital, but the latest expectation is that perhaps The Blackstone Group L.P. (NYSE:BX) could join with Macquarie or even TPG Capital, L.P., while Pepper Australia Pty Ltd. may not be part of the cluster. Other potential bidders are Wesfarmers, KKR & Co. L.P. (NYSE:KKR), Westpac Banking Corporation (ASX:WBC), and for the New Zealand assets only, Heartland Bank Limited.
Similar Private Companies By Industry
Recent Private Companies Transactions