Mayer Brown represents Wells Fargo on $32 billion acquisition of GE Capital businesses
15 October 2015
Mayer Brown announced today that it represented Wells Fargo & Company on its agreement to purchase GE Capital’s Commercial Distribution Finance and Vendor Finance platforms, as well as a portion of its Corporate Finance business. The acquisition includes total assets of approximately $32 billion, in addition to businesses employing approximately 3,000 team members. The loan and lease portfolios are roughly 90 percent US- and Canada-based.
The Mayer Brown team was led by Corporate & Securities partner Elizabeth Raymond (Chicago) and included: Corporate & Securities partners Nina Flax (Palo Alto) and Kate Ball-Dodd (London); Banking & Finance partners Ger O’Donnell (Chicago), Brian Newhouse (New York) and John Clark (London); Intellectual Property partner Rich Assmus (Chicago); Business & Technology Sourcing partner Rebecca Eisner (Chicago); Employment & Benefits partner Debra Hoffman (Chicago); Financial Services Regulatory & Enforcement partners Jeffrey Taft (Washington DC) and Mark Compton (London); and Tax Transactions & Consulting partner Lee Morlock (Chicago).