GE close to selling private equity lender to CPPIB: Reuters

General Electric Co is near a deal to sell its private equity lending unit to the Canada Pension Plan Investment Board, a source told Reuters, as the conglomerate takes a big step in a planned massive pullback from its finance operations. The deal with the Canadian pension fund manager is expected to include GE's Antares Capital business, a middle-market lender for private equity-backed transactions.

DealsCanadaNorth AmericaBriefs