CORRECTING and REPLACING Värde Partners, KKR and Deutsche Bank Consortium Purchase GE Capital’s Consumer Finance Business in Australia and New Zealand
March 15, 2015
The corrected release reads:
VÄRDE PARTNERS, KKR AND DEUTSCHE BANK CONSORTIUM PURCHASE GE
CAPITAL’S CONSUMER FINANCE BUSINESS IN
Värde Partners (“Värde”), a global alternative investment firm, KKR, a
leading global investment firm, and Deutsche Bank have signed an
agreement for the purchase of GE Capital’s
The Company is a leading financial services provider offering a range of
services and products including personal loans, credit cards and
interest free retail finance. It has more than 3 million customers and
is a long-standing partner to many of the major retailers in
Commenting on the transaction,
“GE has a strong platform for growth in our industrial businesses in
Managing Director of GE Capital’s consumer business,
Commenting on the agreement,
“
“Värde Partners believes this partnership will provide a platform for
growth in the dynamic consumer finance market in
“We are delighted to be part of one of the largest private equity
transactions ever in
Deutsche Bank Australia and New Zealand Chief Executive
Advisers to GE are Credit Suisse and Morgan Stanley.
Advisers to the acquiring consortium are
The transaction is subject to customary regulatory approvals. Further terms of the transaction are not being disclosed.
About KKR
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world‐class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
About Värde Partners
Värde partners is a
About Deutsche Bank
Deutsche Bank is a leading client-centric global universal bank serving
28 million clients worldwide. Deutsche Bank provides commercial and
investment banking, retail banking, transaction banking and asset and
wealth management products and services to corporations, governments,
institutional investors, small and medium-sized businesses, and private
individuals. Deutsche Bank is Germany’s leading bank, with a strong
position in
KKR
Steven R. Okun, +65-6922-5800
steven.okun@kkr.com
or
KKR
Kristi.Huller@kkr.com
or
Värde
Partners
pprahl@varde.com
or
Deutsche
Bank
jill.valentine@db.com
Source: KKR
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