IFLR1000

Sumitomo Mitsui Financial and Leasing Company ¥575 billion acquisition of GE's Japanese leasing business

1/4/2016
Private acquisition
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¥ 575 billion

$ 5.107 billion

Completed

1/4/2016

Overview:

  • Sumitomo Mitsui Financial and Leasing Company has acquired General Electric's (GE) Japanese leasing business for ¥575 billion.
  • The deal covers GE's equipment, asset, small ticket and automotive leasing businesses.
  • GE Japan will become a subsidiary of Sumitomo.
  • GE has a client base of 483,000 companies.

Sam Duke - Editor

Jurisdiction:

Japan

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Financial services

Firms:
Baker McKenzie

Party: Sumitomo Mitsui Financial and Leasing Company (Acquirer)

Lawyers: Akifusa Takada, Masato Honma, Safari Watanabe, Shinichiro Kitamura

Nagashima Ohno & Tsunematsu

Party: General Electric (Seller)

Lawyers: Akemi Suzuki, Fumiaki Ishii (moved in house), Kayo Takigawa, Kenichi Fujinawa

Sullivan & Cromwell

Party: General Electric (Seller)

Lawyer: Keiji Hatano

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