M&A Deal Summary

Apollo Global Management Acquires General Electric Capital - Equity Portfolio

On October 8, 2018, asset manager Apollo Global Management acquired energy services and equipment company General Electric Capital - Equity Portfolio from GE Capital

Acquisition Highlights
  • This is Apollo Global Management’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Apollo Global Management’s 61st transaction in the United States.
  • This is Apollo Global Management’s 3rd transaction in Connecticut.

M&A Deal Summary
Date 2018-10-08
Target General Electric Capital - Equity Portfolio
Sector Energy Services and Equipment
Buyer(s) Apollo Global Management
Sellers(s) GE Capital
Deal Type Divestiture

Target

General Electric Capital - Equity Portfolio

Norwalk, Connecticut, United States
General Electric Capital Corporation (GE Capital)'s Equity Portfolio comprises approximately 20 investments in renewable energy, contracted natural gas fired generation and midstream energy infrastructure assets, primarily in the US. In connection with this transaction, the parties will seek to form an ongoing relationship with respect to select future new energy infrastructure investments. General Electric Capital Corporation (GE Capital)'s Equity Portfolio is based in Norwalk, Connecticut.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 82 of 140
Sector (Energy Services and Equipment) 3 of 6
Type (Divestiture) 15 of 26
State (Connecticut) 3 of 3
Country (United States) 61 of 101
Year (2018) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Evo Banco

Madrid, Spain

Evo Banco is a new way of banking , smart, banking simple, transparent and innovative and has 80 branches and 590 workers. EVO offer to clients all the ease, speed and convenience of an online bank and proximity and professionalism of a wide network of offices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Jacuzzi

Chino, California, United States

Jacuzzi is a global manufacturer of premium spas, swim spas, whirlpool, soaker and walk-in bathtubs and related bathroom products and accessories. The Company believes that ‘when we feel good, we live a better life.’ The Company operates under multiple brands, including Jacuzzi, Sundance, Dimension One Spas, Hydropool, ThermoSpas, and BathWraps. The Company’s flagship brand, Jacuzzi, is the most recognized in the world for spa and hydrotherapy bathing. Jacuzzi was founded in 1956 and is based in Chino, California.

Sell -

Seller(S) 1

SELLER

GE Capital

Norwalk, Connecticut, United States
Category Company
Founded 1932
Sector Financial Services
Employees47,000
DESCRIPTION

GE Capital is the financing division of General Electric Co and is currently comprised of GE Capital Aviation Services and GE Energy Financial Services. These entities provide commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business unit.

DEAL STATS #
Overall 10 of 12
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 9 of 10
State (Connecticut) 1 of 2
Country (United States) 4 of 5
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-21 SBI Cards and Payment Services

Gurgaon, India

SBI Cards and Payment Services engages in marketing and distribution of credit cards. The company offers lifestyle, reward, shopping, travel, and banking partnership cards for personal needs; and corporate, central travel, utility, and purchase cards for corporate needs. SBI Cards and Payment Services was founded in 1998 and is based in Gurugram, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 General Electric Capital - Healthcare Equipment Finance Business

Norwalk, Connecticut, United States

General Electric Capital Corporation (GE Capital) - Healthcare Equipment Finance (HEF) Business portfolio includes loans and leases to approximately 1,100 hospitals as well as 3,600 physician practices and diagnostic and imaging centers across the United States. Assets financed include imaging, monitoring, respiratory, surgical, ultrasound and lab equipment.

Sell -
Mergr

Product

Company

Legal