KKR, Apollo Bidding on GE's $11B Inventory Finance Arm

Sep 11 2015 | 8:04pm ET

(Reuters) - KKR and Apollo Global Management are seeking to acquire General Electric's inventory finance arm, Bloomberg reported on Friday.

The buyout firms made bids two weeks ago for GE Capital Commercial Distribution Finance, a unit with $11 billion in assets, the report said, citing people familiar with the matter.

Bloomberg said GE could select a buyer for the unit by the end of the month.

GE said in April it would seek to sell some $200 billion of its GE Capital assets as it moves away from financial services and focuses more on manufacturing jet engines, power turbines and other big-ticket industrial equipment.

KKR did not immediately comment, while Apollo declined comment. GE could not be immediately reached for comment.

In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...


From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.