June 27, 2017 1:59 PM ET

Diversified Financial Services

Company Overview of GE Capital Global Holdings, LLC

Company Overview

GE Capital Global Holdings, LLC is a holding company, which through its subsidiaries GE Capital International Holdings Limited and GE Capital US Holdings, Inc. offers financial products and services. The company was founded in 1932 and is based in Norwalk, Connecticut. GE Capital Global Holdings, LLC operates as a subsidiary of General Electric Company.

901 Main Avenue

Norwalk, CT 06851

United States

Founded in 1932

47,000 Employees



Key Executives for GE Capital Global Holdings, LLC

Chief Executive Officer and President
Age: 55
CEO of GE Capital International Holdings Ltd and President of GE Capital International Holdings Ltd
General Counsel
Vice-President and Managing Director of Global Business Development & M&A
Compensation as of Fiscal Year 2016.

GE Capital Global Holdings, LLC Key Developments

SBI Plans To Merge SBI Cards JV

State Bank of India (NSEI:SBIN) has plans to merge the two entities comprising SBI Cards and Payment Services Private Limited joint venture with GE Capital Global Holdings, LLC. This would happen after GE's exit. SBI hopes that the transaction involving GE's exit and it raising stake to 74% will get over in the next quarter (July 2017-September 2017). Dinesh Khara, Managing Director (Associates and Subsidiaries), SBI, said that GE is in the process of identifying the buyer for its stake in SBI Card. Earlier, SBI was hoping that this transaction would be completed by end-June 2017. "They (GE) had given us some options as to who would be okay for us. We have done that and the final decision on to whom they will sell the share has to be now taken by GE," he said. He also said that SBI would be able to raise the stake to 74% only after GE decides on the buyer. SBI is now looking to raise its stake to 74% from 60% in the front-end and to 74% from 40% in the back-end entity.

GE Seeking To Sell The Assets Of GE Capital

General Electric Company (NYSE:GE) plans to sell most of the assets of GE Capital Global Holdings, LLC and focus on high-value industrial businesses.

Homer City Attracts Bids

Multiple bidders have surfaced with an interest in rescuing Homer City Generation, L.P. But investors rejected all of those bids, according to GE Capital Global Holdings, LLC. The bids that came in over the past months valued Homer City between $230 million and $535 million, the company said. GE Capital said in August that “Homer City remains in discussions with the advisers to the note holders regarding strategic alternatives.” Power source added that GE Capital declined to comment.

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