UPDATED -- The middle-market lending community is watching closely General Electric's (NYSE: GE) announced plan to sell GE Capital, the largest lender in the space and the winner of Mergers & Acquisitions’ 2014 M&A Mid-Market Award for Lender of the Year. Potential buyers reportedly eyeing GE Capital’s $74 billion U.S. commercial lending group include Apollo Global Management (NYSE: APO), Blackstone Group LP (NYSE: BX), Mitsubishi UFJ Financial Group Inc. (NYSE: MTU) and Wells Fargo & Co. (NYSE: WFC). But the commercial lending group is made up of several discrete businesses, some of which are likely to be sold separately. According to sources inside and outside GE, the unit expected to sell first is GE Sponsor Finance, which lends to private equity-backed companies and includes GE Antares, TMT, GE Equity and the Bank Loan Group.

SunTrust Banks Inc., Apollo and Ares Management LP are reportedly considering offers for the private equity lending unit, Bloomberg News reported April 24. 

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