Slaughter and May is advising GE Money Bank ('GEMB'), a leading Swiss consumer finance provider, and GE Capital Swiss Funding AG, the sole shareholder of GEMB and part of the GE group, on the proposed initial public offering of the majority of GEMB's shares.
 
Application will be made for all of GEMB's shares to be listed in accordance with the main standard on the SIX Swiss Exchange. The proposed IPO is expected to take place in the fourth quarter of 2013, subject to market conditions.
 
Credit Suisse is acting as Joint Global Coordinator and Joint Bookrunner and BofA Merrill Lynch and Deutsche Bank are also acting as Joint Bookrunners.

Homburger AG is advising GEMB on Swiss law and Sullivan & Cromwell LLP is advising GEMB on U.S. law.

CONTACTS

Corporate and Commercial: Andy Ryde (partner), Lauren Fahy (associate), Henry Gladwyn (associate), Nick Hyde (associate); Financing: Philip Snell (partner), Afi Nahr-Saam (associate); Tax: Gareth Miles (partner), Emma Game (associate)