Published On: Sun, Sep 13th, 2015

KKR, Apollo Pursue GE’s $11 Billion Inventory Finance Arm

Leon Black,   Chairman and CEO Apollo Global Management,   LLC,   takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills

 

  • Buyout firms said to have bid two weeks ago for lender
  • Unit is among four said to have been considered for group sale

KKR & Co. and Apollo Global Management are seeking to acquire General Electric Co.’s inventory finance arm, a unit with $11 billion in assets, Bloomberg reported citing people familiar with the matter.

The buyout firms made bids two weeks ago for GE Capital Commercial Distribution Finance. GE could select a buyer by the end of the month for the unit, which arranges credit for retailers and manufacturers, the report said.

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