GE Capital Said to Agree to Sell Private-Equity Unit to Ardian
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French investment group will pay about $500 million for assets
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Team led by Kocsi said to continue to manage portfolio
General Electric Co. agreed to sell its private-equity investment group to French alternative asset manager Ardian for about $500 million, people with knowledge of the matter said.
Ardian won the assets earlier this month in an auction process run by Evercore Partners Inc., said two of the people, who asked not to be identified because the information is private.
The team in charge of GE Capital Equity, led by Patrick Kocsi, is expected to continue to manage the assets and may receive additional capital to complete future deals by Ardian, the people said. Those details haven’t been finalized and management may still change, the people said. The group has a portfolio of $1 billion, according to the company’s website…
GE Capital Said to Agree to Sell Private-Equity Unit to Ardian
