GoPivotal, Inc. announced that it intends to receive $105 million in funding from new investor General Electric Company on April 24, 2013. The investor will acquire 10% stake in the company pursuant to the transaction. The company expects to finalize the terms of the agreement in the second quarter of the year 2013. The investment will be subject to standard regulatory approval and other closing conditions.

Comcast Corporation (NasdaqGS:CMCS.A) entered into an agreement to acquire remaining 49% stake in NBCUniversal Media, LLC from General Electric Company (NYSE:GE) for $16.7 billion on February 12, 2013. In a separate transaction, NBCUniversal will purchase from General Electric the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs for approximately $1.4 billion. General Electric will receive approximately $12 billion in ... cash, $4 billion in Comcast guaranteed debt and $0.7 billion of preferred stock in a holding company controlled by Comcast whose sole asset is its interests in NBCUniversal. The transactions will be funded with $11.4 billion of cash on hand, $4 billion of subsidiary senior unsecured notes to be issued to General Electric, $2 billion of borrowings under Comcast and/or subsidiary bank credit facilities and $725 million of subsidiary preferred stock to be issued to General Electric. NBCUniversal posted revenue of $23.8 billion in 2012. The Boards of Directors of General Electric and Comcast have approved the transaction. The consummation of the transactions is subject to customary closing conditions, but it is not subject to any financing condition. The transaction agreement includes representations and warranties and covenants of each party that are customary for transactions of this nature. The agreement may be terminated under certain circumstances, including by mutual agreement of Comcast and General Electric and by either party if the transactions have not been consummated on or before March 27, 2013. General Electric does not expect this transaction to materially impact the overall earnings framework for 2013. Morgan Stanley acted as financial advisor and David L. Caplan, Marc O. Williams, James E. Elworth, Kristen L. Haase, Nina S. Assouline, Lisa Bozman, Avishai Shachar, Neil Barr, Patrick E. Sigmon, Isaac MacDonald, Thomas Patrick Dore, Nicholas D. DiChiara, Bruce K. Dallas, Jeffrey Gould, Lee Hochbaum, Adam B. Perry, Paul Weitzel, Jason Kyrwood, Lauren N. Gillespie, Rachel Lu Chen and Adam J. Ross of Davis Polk & Wardwell LLP acted as legal advisors for Comcast. Jimmy Lee of J.P. Morgan, Goldman Sachs and Centerview Partners acted as financial advisors and Howard Chatzinoff, Jackie Cohen, Samuel Zylberberg, Jennifer Bensch, Kenneth Heitner, Roshelle Nagar, Gavin Westerman, Jennifer Cheng, Megan Pendleton, Harry Moseley, John Goldman, Jonathan Fisch, Andrew Woodworth, Michael Breidenbach, Amara Gossin of Weil, Gotshal & Manges acted as legal advisors for General Electric. CBRE acted as real estate advisor for General Electric. Michael Hammer, Frank Buono, Mike Jones and Brien Bell of Willkie Farr & Gallagher LLP acted as the legal advisor for Comcast. John Davies, Olivia Hagger and Anna Delahey of Freshfields Bruckhaus Deringer US LLP acted as legal advisors for Comcast. Bank of America Merrill Lynch acted as financial advisor for Comcast. Justin M. Lungstrum, Brian E. Korchin and Adam J. Moss (Banking and Credit); Brian D. Robbins and Paul R. Koppel (Executive Compensation and Employee Benefits); and Chang Won Choi (Tax) of Simpson Thacher & Bartlett LLP acted as legal advisors to J.P. Morgan Securities LLC, Goldman Sachs Credit Partners L.P., Morgan Stanley Senior Funding, Inc. and the other arrangers in connection with a $1.35 billion acquisition financing facility for NBCUniversal.
Read More

TRC Companies Inc. (NYSE:TRR) acquired the air emissions testing business from General Electric Company (NYSE:GE) for $3.15 million in cash on January 18, 2013. The purchase price is subject to a working capital adjustment, which is expected to be finalized within the next several months. As part of the transaction, TRC has also entered into a three-year master service agreement with GE Power & Water. GE's Air Emissions Testing business generated annual revenue of approximately ... $12 million. Post acquisition, Bruce Randall, GE's Air Emissions Testing Product Leader will join TRC. Sharon Merrill Associates acted as the public relations advisor in the transaction.
Read More

General Electric Company (NYSE:GE) acquired BLS Energieplan GmbH on January 22, 2013.

A consortium including General Electric Company (NYSE:GE), EDF Energies Nouvelles S.A. and MEAG MUNICH ERGO Asset Management GmbH signed a deal to acquire Iberdrola Renovables France from Iberdrola SA (CATS:IBE) for approximately €400 million on December 31, 2012. The consideration comprises of €350 million in cash and an additional payment of €50 million subject to conditions. Post transaction, General Electric Company and MEAG MUNICH ERGO Asset Management GmbH will ... hold 40% stake each in Iberdrola Renovables France and EDF Energies Nouvelles S.A. will hold 20% stake. The deal doesn't include off-shore assets and a portfolio of wind farms under development. These assets will be transferred over to another Iberdrola unit prior to the change of ownership. The transaction is subject to regulatory approvals. As on April 10, 2013, the transaction was approved by the European commission. Citigroup Global Markets Holdings Inc. acted as financial advisor to the buyers in the deal. Isabelle MacElhone, Bertrand Baheu-Derras, Corinne Knopp, Jean-Pascal Bus, Laure Nguyen and Franck Jurquet of Hogan Lovells acted as legal advisors for Iberdola. Diane Mouratoglou, Severin Kullmann, Catherine Dupuy-Burin des Roziers, Paul-Henry Dubois, Anne-Kelly Simone, Claire Guillaume and Marie-Charlotte Delannoy of BCTG & Associes, Paul Elfassi, Nelsie Berges and Claire Hottelart of CGR Legal and David Chaumontet, Brice Picard and Mathilde Leroy of Arsene Taxand acted as legal advisors for the consortium of buyers. Frederic Moreau of Allen & Overy LLP acted as legal advisor for General Electric Company. Gruppo Banca Leonardo SpA acted as financial advisor to Iberdrola SA.
Read More

Maine Manufacturing, LLC acquired assets of laboratory filter and membrane business from General Electric Company (NYSE:GE) on December 11, 2012. The acquisition also includes the Cameo brand of syringe filters, capsule and cut disc filters, transfer membranes, flat sheet and roll stock microporous membranes and polycarbonate and polyester track etched membranes . Pursuant to the transaction, Maine Manufacturing will continue to manufacture these products at the Westborough ... facility.
Read More

Sponsored Financial Commentaries

To contact GENERAL ELECTRIC CO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.