GE’s to sell Australia, NZ consumer finance unit for $6.26 bln

Värde Partners, KKR and Deutsche Bank have agreed to buy GE Capital’s Australia and New Zealand consumer lending business for A$8.2 billion (US$6.26 bln). The unit, A partner to many retailers in Australia and New Zealand, provides personal loans, credit cards and interest free retail finance. It has more than 3 million customers. Credit Suisse and Morgan Stanley provided advice to GE, while Bank of America Merrill Lynch, Moelis & Company and Citi advised the consortium.

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peHUB Second Opinion

In Second Opinion, stocks drop sharply on fears the Fed may soon raise interest rates, KKR is in advanced talks to acquire Air Medical for around $2 billion and Hillary Clinton defends her use of private-email, saying she thought it would be easier on one device.

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peHUB Second Opinion

In Second Opinion, the U.S. economy added 295,000 jobs in February but wages still lag, two former Merrill Lynch trainees sue for overtime pay and Apple knocks AT&T out of the Dow.

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KKR in talks to settle SEC probe of expense sharing

Kohlberg Kravis Roberts is in discussions with the Securities and Exchange Commission to settle an inquiry about how the firm has allocated expenses between funds and co-investors, according to the firm’s annual report and a recent letter to limited partners.

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KKR closes buy of Pioneer DJ

KKR & Co. LLP has completed its previously announced acquisition of an 85.05 percent stake in Pioneer Corp‘s DJ equipment business. No financial terms were disclosed; however, an earlier peHUB report tagged the value at $551 million.

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KKR to own 85.05% of PDJ Holdings

Pioneer Corp. said Monday it completed a share repurchase agreement where KKR will own 85.05 percent of PDJ Holdings Co Ltd., the holding company for Pioneer DJ. Pioneer Corp. will have 14.95 percent. Financial terms weren’t announced. Pioneer DJ, of Kawasaki, Japan, develops and markets equipment for DJs, including CD players, mixers, controllers, headphones and speakers.

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peHUB First Read

First Read helps usher in the weekend with news Google reversed a porn ban on Blogger after backlash, Kleiner Perkins says it didn’t distribute gender discrimination policy until 2012 and Wired helps us understand the great dress debate of 2015.

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peHUB First Read

First Read ends this freezing week with news Bill O’Reilly’s war reporting tales come under scrutiny, Apple wants to start producing cars as early as 2020 and European tech funding rose 78% in 2014.

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peHUB First Read

Catch up on your mid-week headlines as First Read brings you news of Brian Williams being suspended by NBC for six months without pay, Apple becomes the first company to have a market value of $700 billion and IBM says that dating apps pose a U.S. corporate security risk.

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KKR leads $35 mln round for ClickTale

Tel Aviv-based ClickTale, a provider of digital customer experience management solutions, is raising $35 million in funding. KKR is leading the round with participation from other investors that included Amadeus Capital Partners and Viola Credit.

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