KeyCorp agrees tp buy McDonald & Co. for about $653 million

Article Abstract:

The commercial bank KeyCorp is set to acquire the investment banking firm McDonald & Company Investments for roughly $653 million, planning to form a new company named Key Capital Partners. The acquisition will give KeyCorp the ability to underwrite securities, and bring its services to corporate clients in small and medium-sized organizations. It will also allow KeyCorp to expand into other capital-markets operations; the company expects to increase their revenue in this area to nearly $1 billion.

Comment:

Key Corp to acquire McDonald for approximately $653 million

Commercial Banks, Investment Banking and Securities Dealing, Investment Banking, Investment banks, KeyCorp., McDonald & Company Investments Inc.

GE Capital to acquire Met Life Capital for price that may exceed $1 billion

Article Abstract:

GE Capital has decided to purchase Met Life Capital Corp., the equipment and real-estate-financing unit of Metropolitan Life Insurance Corp. Although the terms of the acquisition were not disclosed, analysts believe that GE Capital paid about $1 billion for Met Life. Through its purchase of Met Life Capital, GE Capital plans to increase its real-estate financing capacity. This transaction is the largest in commercial-equipment and real-estate financing so far this year.

Comment:

GE Capital purchases Met Life Capital Corp., an equipment and real-estate-financing company

Business Credit Institutions, All Other Nondepository Credit Intermediation, Finance Leasing, Commercial finance companies, Lease financing, General Electric Capital Corp., Met Life Capital Corp.

GE Capital Services agree to acquire Pitney Bowes operation for $800 million

Article Abstract:

Capital Services, a division of General Electric Co.(GE), has reached an agreement to acquire Pitney Bowes Inc.'s brokerage unit for approximately $800 million. The brokerage unit specializes in equipment leasing. It will be integrated into GE Capital Vendor Financial Services subsidiary. The unit will strengthen GE Capital's financing business in leased equipment for small and middle-sized firms.

Comment:

Capital Services, a division of General Electric Co.(GE), to acquire Pitney Bowes Inc.'s brokerage unit for approx $800 mil

Equipment Leasing & Rental, Rental and Leasing Services, Business Financing, Pitney Bowes Inc., Equipment rental, G.E. Capital Services