GE Capital’s TMT group has provided a $380 million credit facility to Lightower Fiber Netwrosk. Pamlico Capital, M/C Venture Partners and Ridgemont Equity Partners own Lightower. Boxborough, Mass.-based Lightower is a metro fiber network and bandwidth service company. PRESS RELEASE GE Capital’s Telecom, Media and Technology (TMT) financing business today announced it served as administrative [...]
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GE Capital and GE Healthcare, the financial services and healthcare divisions of General Electric Company have invested in Check-Cap, a developer of an ingestible imaging capsule that may help detect colorectal cancer. The investment is being made through the GE healthymagination Fund, an equity fund that makes investments in healthcare technology companies. PRESS RELEASE GE [...]
GE Capital, Corporate Retail Finance is administrative agent and sole lender on a $65 million asset-based credit facility for Navarro Discount Pharmacy, a Hispanic-owned community drug store retailer in the US. The financing will be used to refinance debt and for general corporate purposes. PRESS RELEASE GE Capital, Corporate Retail Finance today announced it is [...]
GE Capital, through its bank affiliate GE Capital Financial Inc., announced Tuesday that it was buying MetLife’s U.S. retail deposit business. Terms of the deal were not released. The deal is expected to close in mid-2012.
GE Capital, Healthcare Financial Services has provided a $10 million senior secured multi-draw term loan to InfraReDx Inc., a medical device company focused on coronary artery and other vascular diseases. The money will go toward product commercialization. InfraReDx is basd in Burlington, Mass.
GE Capital and GE Healthcare have put an undisclosed amount of financing into C8 MediSensors Inc., a developer of non-invasive continuous glucose monitors for diabetic patients. The investment comes through the GE healthymagination Fund. Details of the investment were not released.
Radius Health has closed the second of its three-tranche $91 million financing round announced in May 2011. The $27.65 million second tranche included $21.4 million in equity financing from Radius’ current investors and $6.25 million in debt financing from GE Capital, Healthcare Financial Services and Oxford Finance LLC, bringing gross proceeds received to date from [...]
Vision Capital has completed the debt refinancing of BrightHouse, a UK rent-to-own retailer, with over 100 million pounds (US$ 159.5 million) of senior debt facilities. The financing was provided by a consortium of Lloyds Banking Group, GE Capital and Ares Capital Europe and will be used for repayment of existing financing and working capital. PRESS [...]
(Reuters) – Nomura Holdings is set to buy a China unit of GE Capital, in a deal allowing Japan’s largest brokerage to expand deeper into the Chinese financial market. While Nomura has had a presence in China for around three decades, the purchase of the GE unit would put the Japanese bank in a stronger [...]
GE Capital and Tokyo-based Mitsui & Co. are teaming up to co-invest in U.S. commercial finance assets. GE Capital said Mitsui will invest $200 million of its own capital in private equity-sponsored loans in the first year of the partnership, Reuters reported Wednesday. Mitsui also plans to raise funds from Japanese investors.