13 05 2016

GE Capital agrees to sale its Australia & NZ commercial finance business

Ashurst acted for a Consortium in respect of the acquisition, financing and transaction structuring of the A$1.6 billion acquisition of GE's Australian and New Zealand commercial finance business.


The Consortium comprising of Bain Capital Credit, LP and Deutsche Bank Sydney Branch. The GE Commercial Finance business comprises five separate pools of loan products all of which are differently structured and have very different credit dynamics. Separate structuring solutions and financing arrangements were required for each of these different loan pools to be implemented simultaneously with completion of the transaction, including securitisation structures and back-to-back third parties sales. Ashurst advised the Consortium on the deal with a team led by partners James Marshall (Restructuring, in picture), Carl Della-Bosca (Corporate), Graeme Tucker (Finance). Involved fees earner: James Marshall - Ashurst; Carl Della-Bosca - Ashurst; Graeme Tucker - Ashurst;

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