Effective November 24, 2014 Morgan Lewis & Bockius LLP and Bingham McCutchen LLP have concluded a transaction. Visitors seeking information on this page should visit the corresponding page on the Morgan Lewis & Bockius LLP website.



GE to Acquire $3.2 Billion Energy Loan Portfolio

Oct. 14, 2011 — Bingham advised GE Energy Financial Services, a unit of General Electric, on the acquisition of a $3.2 billion energy loan portfolio covering more than a dozen countries. GE Energy Financial Services is acquiring the portfolio from the Bank of Ireland, which is selling non-core loans as part of its deleveraging plan.

Renewable energy financings account for 13 percent of the loan book; conventional power and oil and gas account for a further 10 percent and 7 percent, respectively; and PPP/PFI deals make up the bulk of the portfolio at 66 percent. Deals in the U.K. account for 63 percent of the book; continental Europe accounts for 17 percent; and North America and the Middle East account for 14 percent and 4 percent, respectively.

Bingham’s team included associate Brett Martino. News of this victory was reported by Law360 and SparkSpread.

Back to Top

Legal insight. Business instinct. Global intelligence. ®