GE's to sell Australia, NZ consumer finance unit for $6.26 bln
Värde Partners, KKR and Deutsche Bank have agreed to buy GE Capital’s Australia and New Zealand consumer lending business for A$8.2 billion (US$6.26 bln). The unit, A partner to many retailers in Australia and New Zealand, provides personal loans, credit cards and interest free retail finance. It has more than 3 million customers. Credit Suisse and Morgan Stanley provided advice to GE, while Bank of America Merrill Lynch, Moelis & Company and Citi advised the consortium.
16 March 2015•4 mins read
