GE Capital Divestitures in 2015 Reach $157 Billion
In its effort to divest most of GE Capital, GE signed $157 billion in transactions and closed transactions of $104 billion in ending net investment during 2015.
In its effort to divest most of GE Capital, GE signed $157 billion in transactions and closed transactions of $104 billion in ending net investment during 2015.
According to Bloomberg, buyers spent $3.8 trillion on mergers and acquisitions in 2015, the highest amount ever, surpassing the previous record set in 2007.
Private equity firm ArcLight Capital Partners affiliate, Chelsea Petroleum, completed the purchase of Gulf Oil from Cumberland Farms.
Utility One Source announced the acquisition of Load King, a provider of specialty trailers, from Manitex International.
Network communications provider Windstream completed the sale of its data center business to TierPoint in a transaction valued at $575 million. RBC Capital Markets served as financial advisor to Windstream.
Bridgestone Americas and Pep Boys have amended their agreement and merger plan. J.P. Morgan Securities acted as the exclusive financial advisor to Bridgestone on the deal valued at $947 million.
Maxium Financial Services and Desante Financial Services, collectively referred to as the Maxium Group, have entered into an agreement to sell all of its future business to Canadian Western Bank and will retain the existing portfolio.
Blackstone and MB Aerospace said private equity funds managed by Blackstone have completed the acquisition of MB Aerospace from Arlington Capital Partners. Blackstone was advised by Simpson Thacher & Bartlett on the transaction.
Houlihan Lokey served as exclusive financial advisor and assisted in initiating, structuring and negotiating the acquisition of AmeriFactors Financial Group by Gulf Coast Bank & Trust.
Cision has agreed to acquire PR Newswire from UBM in a deal that will create a global leader of communications software and services. Deutsche Bank Securities, Barclays and RBC Capital Markets are providing debt financing to Cision.