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From a historical perspective, this border is relatively new. It was put in by Europeans and divides two major urban areas, Kigali and Bujumbura, which are only about 100 miles apart.
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When the Audax Group acquired Aavid Thermaloy, a top maker of heat sinks and cooling systems for everything from PCs to EVs, in late 2012, the private equity firm used a loan from GE Capital to close the transaction. Sounds like a plain vanilla financing deal, but it did not stop there.
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But like most businesses, Airstream, a division of Thor Industries, went through a rough patch during the financial crisis of 2008. “We took a very hard hit,” says Airstream’s CEO Bob Wheeler. “The market shrunk by 60 percent and our situation was pretty typical.”
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GE reported a double-digit increase in industrial profits for the first half of 2014 today. The growth has been fueled by the company’s long-term strategy to build up its industrial units, shrink its financial services business and grow investment in new technologies and research.