19 04 2016

Crédit Mutuel acquires GE’s Equipment Financing and Factoring divisions

Gleiss Lutz advises Crédit Mutuel on the $1.3 Billion deal


The purchase agreement was signed on 31 March. Closing of the transaction is still subject to approval of the French and German financial supervisory authorities and European banking regulators. In Germany, Crédit Mutuel will be acquiring the entire GE Capital division, which include GE Capital Bank AG as well as two leasing firms and two factoring companies. Together they manage approx. 3,8 billion dollars in Germany.Gleiss Lutz advised Crédit Mutuel extensively on aspects of German law. De Pardieu Brocas Maffei advised on questions of French law.
The Gleiss Lutz has advised Crédit Mutuel avec Burkhard Jäkel (Picture) (partner, finance), Dr. Detlef Bauer (partner, corporate, both lead, Frankfurt), Sebastian Tusch (counsel), Dr. Benjamin Herz (both banking supervision, Frankfurt), Vanessa Bayliss (counsel), Patrick Steinhausen (both finance, Frankfurt), Dr. Lars Jeschke (corporate, Frankfurt), Dr. Michael Marquardt (partner, tax, Frankfurt), Dr. Doris-Maria Schuster (partner) and Christian Mathias (both employment, Frankfurt). Involved fees earner: Detlef Bauer - Gleiss Lutz; Lars Jeschke - Gleiss Lutz; Burkhard Jäkel - Gleiss Lutz; Sebastian Tusch - Gleiss Lutz; Benjamin Herz - Gleiss Lutz; Vanessa Bayliss - Gleiss Lutz; Patrick Steinhausen - Gleiss Lutz; Michael Marquardt - Gleiss Lutz; Doris-Maria Schuster - Gleiss Lutz; Christian Mathias - Gleiss Lutz;

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