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Bloomberg: KKR, Apollo Pursue GE’s Inventory Finance Arm

September 14, 2015, 07:28 AM
Filed Under: Industry News

Bloomberg reported KKR & Co. and Apollo Global Management are seeking to acquire GE's inventory finance arm, a unit with $11 billion in assets people familiar with the matter said.

According to Bloomberg, the buyout firms made bids two weeks ago for GE Capital Commercial Distribution Finance, said the people, who asked not to be identified because the negotiations are private. GE could select a buyer by the end of the month for the unit, which arranges credit for retailers and manufacturers, the people said.

To read the full Bloomberg report, click here

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