MOVES-GE's leveraged finance unit prepares for SMBCE move-sources

September 8, 2015 1:48 PM

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LONDON, Sept 8 Nearly a third of employees in GE's European Sponsor Finance business are preparing to join Sumitomo Mitsui Banking Corporation Europe (SMBCE) in September following the $2.2 billion sale of the unit earlier this year, banking sources said.

The GE division provides leveraged finance for European mid-market, private-equity backed transactions and was one of several disposals by the US conglomerate as part of a restructuring.

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