CPPIB to buy GE private equity lending arm for $12 bln: Reuters

Canada Pension Plan Investment Board has agreed to buy GE Capital's private equity lending portfolio for US$12 billion, in a deal that will greatly expand the Canadian pension fund manager's lending business, Reuters reported. GE's Chicago-based Antares unit is the leading lender to mid-market transactions in the United States. Over the past five years, it has provided over US$120 billion in financing.

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