M&A Deal Summary

General Electric Acquires Motoractive

On May 1, 2006, General Electric acquired financial services company Motoractive from Axxess Capital

Acquisition Highlights
  • This is General Electric’s 5th transaction in the Financial Services sector.
  • This is General Electric’s 2nd transaction in Romania.

M&A Deal Summary

Date 2006-05-01
Target Motoractive
Sector Financial Services
Buyer(s) General Electric
Sellers(s) Axxess Capital
Deal Type Add-on Acquisition

Target

Motoractive

Romania
Romanian Leasing Company. Set up in 1998 as a greenfield company by three private equity funds.

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Buyer(S) 1

Buyer

General Electric

Boston, Massachusetts, United States

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 38.7B USD (2024)
DESCRIPTION
General Electric office in Dubai, United Arab Emirates.
General Electric office in Dubai, United Arab Emirates.

General Electric is a diversified technology and financial services company. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 10 of 41
Sector: Financial Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 7 of 30
Country: Romania M&A 2 of 2
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Ralfi SA

Romania

Romanian Consumer Finance Company. It started in 1997 in the city of Cluj as a local small player.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-08 Gexpro

Coppell, Texas, United States

Gexpro is a distributor of electrical parts and components for construction, industrial, and energy solutions markets. Gexpro Services supply a wide range of electrical supplies and productivity solutions for electricians, contractors, and industrial plants. Gexpro carries everything from lighting components, motors, circuit breakers, and tools to electrical wiring, conduit, automation solutions, and solar panels. Gexpro is based in Coppell, Texas.

Sell -

Seller(S) 1

SELLER

Axxess Capital

Bucharest, Romania

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Axxess Capital is an Eastern European private equity manager focused on investing in Romania and Bulgaria. Axxess looks to commit €5 to €15 million per transaction and targets investments in industry-leading, growth-oriented companies with positive cash-flows. Broad areas of interest include business services, consumer services, and consumer products. Axxess Capital was formed in 1995 and is based in Bucharest, Romania.


DEAL STATS #
Overall 3 of 11
Sector: Financial Services M&A 3 of 6
Type: Add-on Acquisition M&A Deals 3 of 6
Country: Romania M&A 3 of 9
Year: 2006 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Ralfi SA

Romania

Romanian Consumer Finance Company. It started in 1997 in the city of Cluj as a local small player.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Domenia Credit SA

Bucharest, Romania

Domenia Credit SA is a mortgage lending company, provides access to home acquisition, land acquisition.

Sell -