Ever since General Electric (NYSE: GE) announced it was selling GE Capital, middle-market dealmakers have been laser-focused on the sale of one group – the largest lender in the territory – GE Capital Sponsor Finance, home of private equity lending powerhouse GE Antares.

Canada’s largest pension fund, Canada Pension Plan Investment Board entered the realm of the rumored bidders in late May and emerged victorious. CPPIB agreed to pay $12 billion in a transaction that grants it access to U.S. middle-market loans.

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