NORWALK, Conn.--(BUSINESS WIRE)--March 13, 2006--GE Antares Capital, a unit of GE Commercial Finance - Global Sponsor Finance, today announced that it has received a Lender of the Year award from Buyouts magazine. The award recognizes the small and middle market lender that best serves the market. The announcement, which was received on March 9th at the 18th Annual Buyouts Symposium, attributes the award to the middle market lender's "ability to execute quickly, its roster of quality clients, and its talented group of dedicated professionals."
"Our acquisition by GE Commercial Finance in October 2005 really put us at the top," stated David Brackett, senior managing director, GE Antares Capital. "We are pleased that our efforts have been recognized, and are very proud to accept this award."
"Combining GE's balance sheet and industrial expertise with Antares streamlined, predictable, credit processes and seamless deal execution allows us to better serve the private equity sponsor market." stated Barry Shear, President and Senior Managing Director, GE Antares Capital. "Our newly combined organization brings together the only two cycle-tested players in middle market financing and it is our hope to make financing from GE Antares Capital a sponsor's competitive advantage by leveraging our collective resources."
A related article in the March 6th issue of Buyouts magazine praised the October acquisition, stating, "GE's operational expertise and strength in vertical markets has enabled Antares to further penetrate areas such as healthcare, energy and media."
Stuart Aronson, general manager of GE Global Sponsor Finance, noted, "This recognition from Buyouts validates the benefits of our recent merger with Antares and creation of a new organization, GE Antares, embodying the best characteristics of both organizations."
About GE Antares Capital
GE Antares Capital is a unit of GE Commercial Finance - Global Sponsor Finance. With over $8 billion in assets, and offices in Boston, Chicago, London, New York, and San Francisco, GE Antares offers a "one-stop" source for GE's lending and other services offered to the private equity sponsor middle market. Visit www.geantares.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $190 billion and is headquartered in Stamford, Connecticut. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com.
Contacts
GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
[email protected]
or
TorranceCo, New York
Mark Prindle, 212-691-5860
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340