Kimberlite Advises GE Capital on $23B Real Estate Sale

April 14th, 2015

Project Kensington Tombstone

 

Announcement

GE Capital announced the sale of its global commercial real estate business, GE Capital Real Estate. In accordance with this strategy, an agreement was signed to sell a majority of the assets in the United States, Canada, Mexico, Europe and Australia for $23 billion to real estate funds and vehicles managed by Blackstone Group L.P. and Wells Fargo & Company.

About GE Capital

GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com

About Kimberlite Group, LLC

Kimberlite Group, LLC (“Kimberlite”) serves as a strategic financial advisor and has a registered broker-dealer, Kimberlite Advisors, LLC.  We are managed by partners Thomas O’Neill, Michael Coster, David Connelly, Alan Pomerantz and Kenneth Hamlet.  Lewis Ranieri serves as a senior advisor.  We work with a selective group of clients to provide senior level advice and services to the management and boards of public companies, privately held companies, private equity firms, institutional investors with a special emphasis on real estate engagements and the needs of financial institutions. Kimberlite is active across the globe and has offices in New York, San Francisco and Chicago.  For more information about Kimberlite, please visit www.kimberlite.com

 

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