PARIS, 19th May, 2010: GE Capital, one of Europe's leading providers of SME financing, has signed an agreement with The Royal Bank of Scotland plc (RBS) to acquire 100% of RBS Factor S.A., RBS' factoring business in France, for an undisclosed amount. The transaction is subject to regulatory approval. The move follows an agreement entered into with RBS earlier this year to acquire the bank's factoring business in Germany, subject to regulatory approval.
GE Capital et Morris Industries annoncent une entente de financement des stocks à l'intention des concessionnaires d'équipement agricole au Canada
Mississauga, ON, May 12, 2010 ― GE Capital's Commercial Distribution Finance (CDF) business in Canada announced today that it has entered into a new agreement with Morris Industries Ltd. to provide inventory financing for Canadian dealers of its agricultural equipment.
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GE Capital India has expanded its not-for-profit financial education outreach under GE Capital's global citizenship initiative, Banking on WomenTM. Having started in 2008 in India, the local program aims to empower underprivileged women by improving their understanding of basic finance concepts such as budgeting, accounting, saving and investment. The program in India is administered with the help of not-for-profit organizations, HOPE Foundation and Literacy India.
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SCOTTSDALE, Ariz.--Tuesday, May 11, 2010-- GE Capital, Franchise Finance recently co-led the funding of a $36 million debt facility for the acquisition of Wingstop Restaurants, Inc. by an affiliate of Roark Capital Group, an Atlanta-based private equity firm specializing in franchising. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial, Inc.
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BETHESDA, Md.--Tuesday, May 11, 2010-- GE Capital, Healthcare Financial Services today announced it has provided an $11.25 million credit facility to Pacira Pharmaceuticals, Inc. The financing provides working capital, and facilitates advances toward regulatory approval and preparation for commercialization of Pacira's EXPAREL™ program.
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EDEN PRAIRIE, Minn.--Monday, May 10, 2010-- GE Capital Fleet Services today announced it identified $65 million in cost-savings for customers in the first quarter of 2010. Through its strategic consulting services, GE helps its customers cut costs and streamline fleet operations to maximize their return on fleet investments.
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NEW YORK--(BUSINESS WIRE)--GE Capital Aviation Services (GECAS) today announced that three of its aircraft financing transactions in 2009 were awarded "Deal of the Year" honors by AirFinance Journal.
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ANKARA, Turkey--Thursday, April 29, 2010-- GAMA Energy A.S., a joint venture between GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services, today announced their first wind energy projects in Turkey, the 22.5-megawatt Sares and 10-megawatt Karadag wind farms in the country's western region. The projects, costing a total €54 million, feature GE's 2.5-megawatt wind turbines.