By Telecom
Lead Team: GE Capital’s Telecom, Media and Technology (TMT) financing business
announced it completed 38 deals totaling $3.4 billion in financing in 2011.
This has
been an active year for financing across our industries. 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,” said
Pete Foley, senior managing director of GE Capital’s
TMT team.
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. Through Access GE, we are leveraging GE’s diverse
expertise and knowledge, helping our customers build stronger businesses,”
Foley added.
Penton
Media
A
business-to-business trade information provider, Penton Media has turned to GE
for more than just capital over the past several years. 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.
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.
The
Teaching Company
Since
closing its financing transaction with GE Capital at the beginning of 2010, The
Teaching Company 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.
Recently, GE Capital announced
that its Commercial Distribution Finance (CDF) business offered a $20 million
facility for Govplace, a Reston, VA-based provider of enterprise information
technology (IT) solutions to public sector clients.
