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GE Completes Sale of Commercial Lending and Leasing Assets in Australia and New Zealand to Bain Capital Credit

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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE:GE) has completed the previously announced agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Bain Capital Credit, advised and partially financed by Deutsche Bank. The transaction includes about US$1.2/A$1.6 billion in ending net investment (ENI). Terms of the transaction were not disclosed. “We continue to make very good progress in reducing the size of GE Capital,” said Keith Sherin, G


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