IFLR1000

BFCM's acquistion of GE's Equipment Finance and Receivable Finance Businesses

20/7/2016
Public acquisition
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Completed

20/7/2016

Overview:

  • Banque Fédérative du Crédit Mutuel (BFCM) completed the acquisition of General Electric's Equipment Finance and Receivable Finance businesses in France and Germany. 
  • The assets have combined earnings of over $10 billion following a competitive auction. 
  • The move was part of GE Capital's strategy to significantly reduce the side of it's assets. 
  • The Crédit Mutuel group is the second largest retail bank in France.

John Crabb - Journalist 

Jurisdictions:

United States
France
Germany

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Financial services

Firms:
Bredin Prat

Party: General Electric (Seller)

Lawyers: Kate Romain, Olivier Assant

Bryan Cave Leighton Paisner

Party: Banque Fédérative du Crédit Mutuel (BFCM) (Acquirer)

Lawyer: Adam Bogdanor

De Pardieu Brocas Maffei

Party: Banque Fédérative du Crédit Mutuel (BFCM) (Acquirer)

Lawyers: Frédéric Keller, Guillaume Touttée

Gleiss Lutz

Party: Banque Fédérative du Crédit Mutuel (BFCM) (Acquirer)

Lawyer: Burkhard Jäkel

Hengeler Mueller

Party: General Electric (Seller)

Lawyers: Christian Möller, Maximilian Schiessl

Slaughter and May

Party: General Electric (Seller)

Lawyer: Michael Corbett

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