CHICAGO--(BUSINESS WIRE)--GE Antares today announced it served as administrative agent for a $118 million senior secured credit facility to support the acquisition of Schneller, Inc. by Graham Partners. GE Capital Markets serves as sole lead arranger and bookrunner.
The senior secured credit facility consisted of a $15 million revolving credit facility and a $103 million term loan. Proceeds were used to fund the acquisition of Schneller and to provide for working capital needs.
TOKYO--(BUSINESS WIRE)--GE Commercial Finance announced today that Seiji Yasubuchi has been named President and CEO, GE Commercial Finance Japan. With the alignment of Healthcare Financial Services, Corporate Financial Services, and Capital Solutions, Commercial Finance will approach the market as one business adding more value to customers while strengthening the brand and creating new opportunities for growth.
FAIRFIELD, Conn.--(BUSINESS WIRE)--General Electric (NYSE: GE) announced today that GE and Abbott have agreed to mutually terminate their agreement relating to GE's acquisition of Abbott's primary in-vitro and point-of-care diagnostics businesses. GE and Abbott worked diligently to complete the transaction but were unable to reach agreement on final terms and conditions. As a result, they agreed it was in the best interests of both companies to mutually terminate their agreement and discussions.
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Next Step in Relationship Eases Enterprise Integration, Improves Quality and Drives Productivity
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--GE Fanuc Automation, a unit of GE Industrial, today announced that it has achieved "Powered By SAP NetWeaver®" certification for Manufacturing. The certification demonstrates GE Fanuc's commitment to integration of its Production Management software with SAP® applications to enable key business initiatives, such as Lean Six Sigma, regulatory compliance, performance optimization and pursuit of the Perfect Plant.
Riyadh, KSA, July 10, 2002 ---- GE Saudi Arabia played host to Ferdinando "Nani" Beccalli, President and Chief Executive Officer of GE Europe, Middle East and Africa last week, where Beccalli had several meetings with key customers of the eight GE businesses present in the Kingdom.
Beccalli's visit to the Saudi market was the first for the new CEO, based in Brussels, Belgium who was appointed early this year. Beccalli's agenda focused on relationship building with GE customers and the GE businesses operating in Saudi Arabia.
El Kureimat Power Plant Expansion to Feature Two GE Frame 9FAs
CAIRO, Egypt--(BUSINESS WIRE)--GE Energy (NYSE: GE) gas turbine technology has been selected to help meet Egypt's energy demand, which is growing at an annual rate of 7 percent.
Under a contract valued at more than US$111 million, GE and its partner Techint Cimi Montubi SpA (TCM) will supply two Frame 9FA+e gas turbine-generators, auxiliary equipment and training services to the Upper Egypt Electricity Production Company, which is owned by the Egyptian Electricity Holding Company.
University's proceeds to support alumni association programs
STAMFORD, Conn.--(BUSINESS WIRE)--San Diego State University, the largest in the California State University system, has selected GE Money, the consumer lending unit of General Electric Company (NYSE:GE), to provide an affinity credit card product to the university's alumni.
New Delhi, July 6, 2007 --- GE Commercial Finance announced the appointment of Sandeep Agarwal as Vice President & Head - Leveraged & Sponsor Finance. Sandeep will be responsible for covering Private Equity Sponsors, Structuring and closing leveraged and other Structured Finance transactions with Private Equity firms, working closely with the Hong Kong based team and the India/ Asia capital markets teams as well.
CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a senior secured credit facility in support of the recapitalization of BBB Industries, LLC, recently completed by Windjammer Capital Investors and the senior executives of BBB Industries. GE Capital Markets served as sole lead arranger.
