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GE Capital to Sell Australian Consumer Finance Arm for $6.3B, Reuters

March 16, 2015, 08:00 AM
Filed Under: Mergers & Acquisitions
Related: Ge Capital

Reuters reported that a consortium of private equity firm KKR & Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A$8.2 billion ($6.26 billion).

According to the Reuters report, the trio said in a statement on Sunday they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the major retailers in both Australia and New Zealand.

To read the full Reuters news story, click here.

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