While Apollo, Blackstone and others are considering making offers for General Electric’s (NYSE: GE) $74 billion Commercial Lending division of GE Capital as a whole, some buyers are eying parts of the business. Especially attractive is GE Capital Sponsor Finance, which makes loans to private equity-backed companies and includes the coveted GE Antares unit. Some sources expect GE Sponsor Finance to sell within 90 days.
GE Capital Sponsor Finance -- which, in addition to Antares includes TMT, GE Equity and the Bank Loan Group -- has long played a powerful role in middle-market dealmaking. The largest lender in the space by a wide margin, it accounts for about 25 percent of all loans made to companies with revenues between $25 million and $500 million. GE Capital has won Mergers & Acquisitions M&A Mid-Market Lender of the Year award twice first for 2010 and most recently for 2014.