GE Capital buys loan assets from SCF subsidiary

GE Capital's equipment finance business has bought more than $100 million of commercial loan assets from South Canterbury Finance's (SCF) plant and equipment finance specialist, Face Finance.

SCF receivers Kerryn Downey and William Black of McGrathNicol said the deal followed a competitive sale process, and represented a key milestone in the realisation of SCF's loan book assets.

Previously they said Face had operated on a largely standalone basis from the rest of the South Canterbury Finance group, with a separate distribution network and customer relationships.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report