Illinois Financing Partners, a qualified purchaser of Illinois receivables under the state’s Vendor Support Initiative, appointed GE Capital veteran Andrew Greta as president of IFP Services.
According to filings in the Supreme Court of the State of New York, Antares Capital, as successor to GE Capital, filed a suit against EBB Parent Holding over the company’s default of $92.2 million of outstanding loans.
Michael Silva has joined the DLA Piper’s Government Affairs practice in NY. Previously with GE Capital, Silva led a global staff of 700 in overseeing compliance and regulatory activities across nine countries.
Digital asset-based lender InterNex Capital raised $3.85 million from family offices and private investors in an oversubscribed seed offering. InterNex was founded by former GE Capital senior executives.
Arlington Capital has named Willian R. Kraus as a managing director. Before joining Arlington, Kraus was a managing director with Antares Capital. Prior to Antares, Kraus was with GE Capital Franchise Finance as senior managing director.
GE placed an order with Bechtel for an engineered equipment package to power the Cricket Valley Energy Center. GE Energy Financial served as co-lead arranger and administrative agent for $1 billion in financing to support the project.
Connor, Clark & Lunn Financial and MidStar Capital are partnering to provide investors with access to directly originated loans. MidStar was founded by a team of leveraged-finance professionals that worked together at GE Capital for more than 10 years.
Online lender ApplePie Capital entered into a $180 million franchise loan purchase agreement with TowerBrook Capital. The company also added Tim Morris, former CRO of GE Capital Franchise Finance, to its management team.
GE sold its shares in GE Capital Interbanca in Italy to Banca IFIS. The transaction represents an ending net investment of $3.6 billion.