SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 10, 2006--Marking a milestone in its relationship with Garden Fresh, GE Commercial Finance, Franchise Finance is the sole lead arranger on a $175 million transaction. This allowed an affiliate of Sun Capital Partners, Inc. (Sun Capital) to refinance its bridge financing in connection with its recent acquisition of Garden Fresh and to fund operations and expansion.
CHALFONT ST GILES, England & OSLO, Norway--(BUSINESS WIRE)--Jan. 9, 2006--GE Healthcare, a unit of General Electric Company (NYSE:GE), and PhotoCure ASA (OSE:PHO), today announced a licensing agreement that grants GE Healthcare exclusive global rights outside of the US and the Nordic region to market and distribute PhotoCure's product Hexvix(R) (hexaminolevulinate), an optical molecular imaging agent intended for the diagnosis and monitoring of bladder cancer. PhotoCure will be responsible for manufacturing and Nordic distribution of the product.
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GE Healthcare-Technologies, a unit of GE International Inc, expects a strong year ahead, on the back of sterling results in the fourth quarter of 2005. General manager Arun Sharma said South-East Asia finished strongly in the fourth quarter, Malaysia accounting for over a fifth of the amount. Total sales for 2005 exceeded RM300 million, growing nearly 40 per cent from the previous year.
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 9, 2006--GE Commercial Finance - Global Media & Communications today announced that it has provided $65 million in senior secured financing as Administrative Agent for Optasite, Inc. GE Capital Markets acted as Lead Arranger and Sole Bookrunner for the transaction, which closed December 30, 2005. The facility consisted of a $27.5 million delayed draw term loan, $22.5 million term loan and a $15 million revolver with proceeds to be used to refinance existing debt and finance future acquisitions.
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STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 9, 2006--GE Energy Financial Services announced today that it has provided cash flow-based senior debt financing to support the acquisition of NORESCO, one of the largest providers of energy management and performance contracting services in the United States, by an investor group led by GFI Energy Ventures LLC.
Financial details were not disclosed.
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BARRINGTON, Ill.--(BUSINESS WIRE)--Jan. 4, 2006--GE Healthcare, a unit of General Electric Company (NYSE:GE), announced today the completion of the acquisition of IDX Systems Corporation (NASDAQ:IDXC), a leading healthcare information technology (IT) provider. Together, GE Healthcare, a global leader in medical imaging, healthcare services, life sciences and information technology, and IDX will create a leading healthcare IT vendor with one of the most comprehensive suites of clinical, imaging and business information systems available.
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BANGKOK, Thailand--(BUSINESS WIRE)--Jan. 4, 2006--GE Money announced today that its joint venture in India with State Bank of India - SBI Card - has reached the two million card customer milestone, making it a leading player in the highly competitive and fast-growing consumer finance market.
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SALT LAKE CITY--(BUSINESS WIRE)--Jan. 4, 2006--Cardholders and commercial card program administrators (PAs) will see added convenience, efficiency and control from a new feature released by GE's Corporate Payment Services unit. The new manual authorization feature in NetService leverages GE's patented pre authorization technology and will significantly reduce phone calls that cardholders and PAs make when dealing with transaction declines at the point of sale.
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WILMINGTON, N.C.--(BUSINESS WIRE)--Dec. 29, 2005--GE Energy's nuclear business has been awarded a contract to support the next phase of a Mexico utility's preparations for an extended power uprate (EPU) at the Laguna Verde Nuclear Power Plant in Mexico.
Originally designed by GE, each of Laguna Verde's two boiling water reactors (BWRs) has an output of 695 megawatts. The plant is located in the state of Veracruz, 70 kilometers northwest of the city of Veracruz and 60 kilometers northwest of the city of Jalapa, the state capital, along the Gulf Coast.