News & Announcements

Weil Advises General Electric in its $6.9 Billion Sale of its Americas, Australia and New Zealand Fleet Business to Element Financial Corporation and in its Sale of its European Fleet Business Arval

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, Kamyar Abrar, 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.

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