- Healthy pipeline in place for 2012
- Customers seeing value beyond financing
NORWALK, Conn. - GE Capital's Telecom, Media and Technology
(TMT) financing business today announced it had completed 38
deals totaling $3.4 billion in financing during 2011.
"This has been an active year for financing across our
industries," said Pete Foley, senior managing director of GE
Capital's TMT team. "Despite continued uncertainty in the
market, good transactions are being financed. It is
encouraging to see these deals close and we remain optimistic
about 2012."
The business addresses the financial needs of customers in
key growth sectors, including cable, towers, metro fiber, TV,
digital media and software, among others. During 2011,
acquisitions and refinancing activity were prominent, with a
record number of companies turning to GE for financing.
"Beyond simply accessing capital, customers come to GE
because of our industry expertise as well as the added value
we provide through collaboration and the sharing of best
practices," continued Foley. "Through Access GE, we are
leveraging GE's diverse expertise and knowledge, helping our
customers build stronger businesses."
More than capital
GE Capital is providing added value through programs like
Access GE and creating opportunities for industry leaders to
engage in dialogue regarding challenges and opportunities in
their markets. For more information on Access GE, please
visit .
Penton Media
An independent business-to-business trade information
provider, Penton Media has turned to GE for more than just
capital over the past several years. After completing
successful financial transactions together since 2005, Penton
began leveraging GE's broader expertise in 2010, helping
address business challenges that touch many areas of the
company. Through Access GE, Penton's leadership team has seen
the value GE can bring beyond lending including, among
others, projects involving employee performance-based
management processes as well as leadership and change
management training. Penton is currently tapping into Access
GE for help driving greater productivity in operations and
global expansion.
Raycom
In October 2011, GE Capital held a national middle market
summit, Leading from the Middle, in conjunction with The Ohio
State University. Paul McTear, CEO of Raycom, a TV
broadcasting company and current customer of GE Capital, came
to the summit and had the chance to meet with a number of GE
leaders including GE Chairman and CEO Jeffrey Immelt. Of the
event, McTear said, "This was one of the best customer events
I have attended. It was an invaluable opportunity to engage
in dialogue with other industry leaders regarding the
challenges and opportunities we are facing."
The Teaching Company
Since closing its financing transaction with GE Capital at
the beginning of 2010, The Teaching Company has continued to
experience the benefits of financing through GE. The company
utilizes video and audio production to publish lectures
featuring renowned professors, a product known as The Great
Courses. Despite economic stress over the past several years,
they have experienced significant growth and demand for their
products. Access GE provided operations professionals, tools
and methods to help the company gain efficiencies in their
production processes that were required to keep up with the
company's rapid growth and product scalability.
About GE Capital, Telecom, Media and Technology
GE Capital's Telecom, Media and Technology business provides
financing to enable corporate growth, acquisitions and
balance sheet refinancings to companies in the following
industries: Cable, towers, data centers, wireless, metro
fiber, radio, TV, digital media, education services and
software, and in technology companies that enable these
industries. With Access GE, clients also benefit from access
to GE's best practices. Visit gecapital.com/tmt.
About GE Capital
GE Capital offers consumers and businesses around the globe
an array of financial products and services. For more
information, visit gecapital.com or follow company news via
Twitter (@GECapitalNews). GE (NYSE: GE) is Imagination at
Work - a diversified technology, media and financial services
company focused on solving some of the world's toughest
problems. Visit ge.com.
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