Snapchat's lackluster ad business threatens $16 billion valuation

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General Electric (GE) to Sell U.K. Home Lending Mortgage Loan Portfolio with ENI of ~$5.8B (BX)

November 23, 2015 7:08 AM EST

General Electric (NYSE: GE) has signed an agreement to sell a portfolio of first lien mortgage loans from its UK Home Lending business, representing aggregate ending net investment (ENI) of approximately US$5.8 billion, to an investment consortium made up of opportunistic funds managed by Blackstone (NYSE: BX), TPG Special Situations Partners (TSSP), and CarVal Investors. The loans have a face value, or customer servicing balance of US$5.9/£3.8 billion. The transaction is expected to close... More