Deutsche Bank/KKR/Värde Partners A$8.2 billion acquisition of GE Capital's Australia and New Zealand consumer lending business

Overview:

• Deutsche Bank, KKR and Värde Partners have acquired GE Capital's Australia and New Zealand consumer lending business for A$8.2 billion.
• The unit, which provides GE-branded credit cards and personal loans, constitutes approximately A$7 billion of gross assets.
• It has more than three million customers and longstanding business relationships with many major retailers in both Australia and New Zealand. 
• GE Capital is the financial services unit of the American conglomerate General Electric, which is listed on the NYSE and is one of America’s largest companies by market capitalization.
• Macquarie Group and TPG Capital also bid for the business.
• GE were advised by Credit Suisse and Morgan Stanley.
• The acquirers were advised by Bank of America Merrill Lynch, Moelis & Company and Citi.

Katrin Kostadinova - Data analyst