General Electric Co. has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its health-care, railcar and franchise finance divisions, according to people with knowledge of the matter.
GE is working with JPMorgan Chase & Co. to sell Healthcare Financial Services, a middle-market lender with about $10 billion in assets, said the people, who asked not to be identified because the matter is private. GE has engaged Deutsche Bank AG to find a buyer for the railcar lessor and Barclays Plc to sell the franchise lender, the people said. JPMorgan is overseeing all the sales as global coordinator, one person said.
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