GE Capital Pours $233M Into Australian Wine Co.

Law360, New York (November 23, 2011, 2:06 PM EST) -- GE Capital provided private equity-backed Australian wine company Accolade Wines with a £150 million ($233 million) cross-border financing facility by GE Capital operations in the U.K. and Australia, the specialist finance provider announced Nov. 21.

The financing will help Australian private equity giant Champ Private Equity, which owns an 80 percent interest in Accolade, to expand the business, GE Capital U.K. said in a statement.

GE Capital's financing would also make it Accolade's only asset-based lending partner in the U.K. and Australia, the financial services firm...
To view the full article, register now.