SYDNEY: A consortium of private equity firm KKR & Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital’s Australian and New Zealand consumer lending arm for A$8.2bil (US$6.26bil).
The trio said in a statement yesterday that they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the major retailers in bothAustralia and New Zealand.
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