- $13.5B enterprise value, all-cash transaction valued at 7.9x pro forma EBITDA (12 months ending September ’13)
- Immediately accretive to GE earnings; incremental $.08-$.10 of earnings in 2016; expect approximately 75% of operating earnings from GE Industrial by 2016
- Integration will yield efficiencies in supply chain, service infrastructure, commercial reach, and new product development to generate more than $1.2B in annual cost synergies by year five
- Strong operating assets that bring complementary technology, global capability, a large installed base and tal
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London, 29 April 2014: GE Capital International and Ares Management Ltd. announced today that the European Senior Secured Loan Programme (ESSLP), a €1.7 billion joint venture between the two firms, has completed its seventh transaction with the closing of a £153 million unitranche facility to refinance Parkdean, a leading holiday park operator in the UK owned by Alchemy. Ares provided an additional £27 million of subordinated debt to complete the £180 million refinancing package.
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KUALA LUMPUR -- April 28, 2014 -- AirAsia X, the long haul, low fare airline affiliate of the AirAsia Group and GE Aviation have signed a Memorandum of Understanding for the selection of CF6-80E1 engines to power AirAsia X's 25 new firm Airbus A330-300 aircraft, with options for an additional three A330 aircraft. These engines will be covered by a multi-year OnPointSM solution service agreement for engine maintenance, repair and overhaul.
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London: 25 October 2013 -- GE Capital and Ares Management Ltd. have acted as Mandated lead Arrangers for €115 million of senior unitranche facilities for Nicotra-Gebhardt, a mid-market, Italian portfolio company of Ergon Capital. Proceeds of the facilities were used to fund the acquisition of Industrie CBI and refinance existing indebtedness.
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Tax breaks in UK seen to help foster greater innovation
London, 2nd September, 2013: New research from GE Capital shows mid-market firms in the UK are putting a greater strategic focus on innovation and new product development as they push for growth. 30% of mid-market firms in the UK say that they will be placing a greater emphasis on having dedicated funding for R&D, matching Germany.
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New facility highlights GE Capital's pan-European deal capabilities
Paris La Défense, 11 April 2013: GE Capital EMEA has signed an agreement with IPH Group to provide trade receivables financing for the company in France, Germany and the Netherlands. Using an innovative SPV structure GE Capital EMEA has been able to underwrite and hold 100% of the facility. The transaction was committed concurrently with the acquisition of the company by private equity sponsor, PAI.