Divestiture • Financial Services

EverBank Acquires General Electric Capital - Healthcare Equipment Finance Business

On November 16, 2018, EverBank acquired financial services company General Electric Capital - Healthcare Equipment Finance Business from GE Capital

Acquisition Context
  • This is EverBank’s 2nd transaction in the Financial Services sector.
  • This is EverBank’s 2nd transaction in the United States.
  • This is EverBank’s 1st transaction in Connecticut.

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M&A Deal Summary

Date November 16, 2018
Target General Electric Capital - Healthcare Equipment Finance Business
Sector Financial Services
Buyer(s) EverBank
Sellers(s) GE Capital
Deal Type Divestiture

Target Company

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.
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Buyer Overview 1

Buyer

EverBank

Jacksonville, Florida, United States

Category Company
Sector Financial Services
Employees3,000
Revenue 1.1B USD (2015)
DESCRIPTION

EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida.


Deal Context for Buyer #
Overall 2 of 2
Sector: Financial Services 2 of 2
Type: Divestiture 1 of 1
State: Connecticut 1 of 1
Country: United States 2 of 2
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-22 Tygris Commercial Finance Group

Parsippany, New Jersey, United States

Tygris Commercial Finance Group is a commercial finance and leasing company. Tygris Commercial Finance Group was founded in 2008 and is based in Parsippany, New Jersey.

Buy -

Seller Profile 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 Context for Seller #
Overall 11 of 12
Sector: Financial Services 6 of 6
Type: Divestiture 10 of 10
State: Connecticut 2 of 2
Country: United States 5 of 5
Year: 2018 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 GE Capital - Equity Portfolio

Norwalk, Connecticut, United States

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. GE Capital's Equity Portfolio is based in Norwalk, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Displayplan

Baldock, United Kingdom

Displayplan is a retail display consultant, providing a complete service from concept, through design and sourcing to finished product delivery. Displayplan was founded in 1984 and is based in Baldock, United Kingdom.

Sell -