June 30, 2015
Weil is advising longtime client General Electric in its agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation for approximately $6.9 billion. Weil is also advising General Electric in its agreement for the potential sale of its European fleet businesses to Arval, a fully owned subsidiary of BNP Paribas. Both transactions are subject to customary closing conditions.
The Weil teams advising on these transactions were led by M&A partner Jon-Paul Bernard. The team advising on both transactions includes M&A partner William Gutowitz; Technology & IP Transactions partner Charan Sandhu; Tax partner Marc Silberberg; Executive Compensation & Benefits head Paul Wessel; Environmental head Annemargaret Connolly; M&A counsel Donald Whittaker; Environmental counsel Thomas Goslin; M&A associates Mariel Cruz, Jakob Deitch, Richard Frye, Amy Reed and Annie Kang; Technology & IP Transactions associates Caroline Geiger, Eric Leventhal, Lauren Springer and Christine Paik; Tax associates Gladriel Shobe, Joseph Reich and Scott Fryman; and Executive Compensation & Benefits associate Jennifer Britz.
The team advising General Electric in its agreement for the potential sale of its European fleet businesses to Arval also includes M&A partner and managing partner of the London office Michael Francies and M&A partners Simon Lyell and Yannick Piette; Banking & Finance partner Michael Kohl; Tax partner Stephane Chaouat; M&A associates James Harvey, Sam Blake, Adrien Descoutures, Hein Visser, Konrad von Buchwaldt, Sven Dannemann, Lisa Koelsch, Alice Meadon, Tomasz Rodzoch, Manjinder Tiwana, Arif Tayyibah and Alice Meadon; Banking& Finance associate Thomas Weise; and Trainee associate Frankie Cowl.