General Electric to sell GE Capital business

Fri, 17 Apr 2015 | BUSINESS SALE

GE Capital, a specialist corporate finance group, is up for sale by its parent company General Electric.

General Electric has announced that the company decided upon a sale in order to allow the broader business to “focus on continued investment and growth in its industrial businesses”.

As a result, GE Capital is on the market. Included in the sale will be the company's commercial lending and leasing businesses, as well as healthcare and energy finance and investment divisions and assets.

A statement from GE Capital announced the business for sale. The firm went on to state: “Here in the UK, GE Capital is open for business. We remain fully committed to our customers and are focused on delivering for each and every one.

“We anticipate being able to sell our businesses to buyers who are fully committed to and invested in the financial services industry and can offer a good environment for growth.”

The first stage of the sale will involve the sale of the bulk of GE Capital Real Estate assets. It is thought that these assets have a collective value of some $26.5 billion (£17.6 billion). As yet it is unclear how these assets will be divided for sale.

Jeff Immelt, General Electric's chairman and CEO, noted in a statement that the company expects strong returns, adding that this is “a good time to move” on the sale in the wake of other recent business exists and IPOs which have “bolstered” General Electric's confidence that GE Capital will be more valuable under new ownership.

“The market is strong for the businesses we will sell, and I am confident they will thrive elsewhere,” he remarked.


Share this article



Latest Businesses for Sale

Provider of Coffee Machines & Related Products
South East, UK

Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,060

FREEHOLD


International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000

South Down Fish Bar
Bath, South West, UK

Food Service Businesses: Fish & Chip Shops. Established, high turnover traditional Fish and Chip and hot food takeaway operating from busy parade location, Bath. Offers invited.

Asking Price: £190,000
Turnover: £338,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources