Herbert Smith Freehills advises Element Financial Corporation on GE acquisition
Herbert Smith Freehills has advised new client Element Financial Corporation on the purchase of GE Capital Corporation’s fleet management operations in the US, Mexico, Australia and New Zealand for an all-cash purchase price of US$6.9 billion. Element, one of North America’s leading fleet management and equipment finance companies, is listed on the Toronto Stock Exchange. The transaction is expected to close in the second half of 2015.