Aronson Joins H.I.G. Whitehorse as Head of U.S. Direct Lending
Stuart Aronson, former head of GE Capital’s Sponsor Finance Group, joined H.I.G. WhiteHorse as group head of its U.S. Direct Lending team.
Stuart Aronson, former head of GE Capital’s Sponsor Finance Group, joined H.I.G. WhiteHorse as group head of its U.S. Direct Lending team.
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.
GE Capital served as lead arranger on a $180 million senior secured credit facility for Arbor Investments to acquire a majority equity stake in DPI Specialty Foods.
GE signed an agreement to sell a 23.3% stake of Hyundai Capital Services to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.3% ownership of HCS over the following months.
Bloomberg reported that GE will return $26 billion through dividends and stock repurchases in 2016 to shareholders following the implementation of its plan to sell of financial assets and focus on the industrial side of the business.
GE signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing.
GE has completed more than $100 billion in previously announced
portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a SIFI.
GE Capital, Corporate Finance served as administrative agent and lender on a $125 million revolver for Shearer’s Foods, a manufacturer and distributer of snack products.
GE signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners for ending net investment of approximately $1.1 billion.
GE signed a memorandum of understanding for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net investment (ENI) of approximately $7.5 billion (€6.6 billion).