News & Announcements

Weil Advised General Electric in its $30 Billion Sale of its Commercial Lending and Leasing Businesses to Wells Fargo

Weil advised longtime client General Electric in connection with its $30 billion sale of GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo & Co. The sale included an ending net investment of approximately $30 billion (about $32 billion of assets) and approximately 3,000 employees. The transaction closed October 03, 2016.

The Weil team advised GE was led by M&A partners Jon-Paul Bernard and retired partner William Gutowitz and included Technology & IP Transactions partner Charan Sandhu; Cybersecurity, Data Privacy & Information Management partner Randi Singer; Environmental head Annemargaret Connolly; Real Estate partner Samuel Zylberberg; Structured Finance head Frank Nocco; Tax partner Chayim Neubort; Environmental counsel Matthew Morton; Real Estate counsel Elliot Ganchrow; Executive Compensation & Benefits counsel Steven Margolis; M&A associates Dawn Kim, Richard Frye, Jesse Sacks and Kevin Kitson; Business Finance & Restructuring associate Debora Hoehne; Technology & IP Transactions associates Caroline Geiger, Mary Lentowski, Lauren Springer and Emilie Williams; Litigation associate Elisabeth Sperle; Real Estate associate Anne Catherine Podolsky; Structured Finance associates Shawn Kodes and Maia Pelleg; Tax associates Eric Remijan and Scott Fryman; and Executive Compensation & Benefits associate Jennifer Britz.

The U.K. team was led by M&A partner Michael Francies and included Banking & Finance partner Reena Gogna; and Corporate associates Trina Bose, Hein Visser and Manjinder Tiwana.