Ashurst acted for a consortium (Consortium) comprising of Bain Capital Credit, LP (Bain) and Deutsche Bank Sydney Branch (DB) in respect of the acquisition, financing and transaction structuring of the A$1.6 billion acquisition of GE's Australian and New Zealand commercial finance business.

The GE Commercial Finance business comprises five separate pools of loan products all of which are differently structured and have very different credit dynamics. Separate structuring solutions and financing arrangements were required for each of these different loan pools to be implemented simultaneously with completion of the transaction, including securitisation structures and back-to-back third parties sales.

The completion process required the settlement and implementation of a number of complex completion steps. The deal was completed on 3 May 2016.

The Ashurst team was led by partners James Marshall (RSSG), Carl Della-Bosca (Corporate), Graeme Tucker (Finance).