📺 Stream EntrepreneurTV for Free 📺

GE Capital To Acquire Franchise Finance Corporation Of America <b></b>

entrepreneur daily

Danbury, Connecticut-GE Capital, through its CommercialEquipment Financing business, and Franchise Finance Corporation ofAmerica announced today that they've reached an agreement forGE Capital Commercial Equipment Financing to acquire FFCA pursuantto terms contained in an agreement and plan of merger. FFCA hasbeen a leasing provider of franchise financing for more than 20years.

Under the agreement, common shareholders of FFCA will receive$25 in cash for each share held. The transaction values FFCA'sshares at approximately $1.4 billion and, inclusive of assumedliabilities, the total transaction is valued in excess of $2.1billion. The boards of directors of both companies have approvedthe transaction.

"The acquisition complements our existing franchise financebusiness and reflects our ongoing expansion in this attractivegrowth market," said Paul Bossidy, president and CEO of GECapital Commercial Equipment Financing. "With thisacquisition, we will strengthen our position in franchisefinancing. Our customer value proposition will beunsurpassed."

"We are excited about the benefits our new relationshipwith GE Capital will bring to our customers," said MortonFleischer, CEO of FFCA. "By joining GE Capital, we will beable to offer additional services and the expertise of a largefinancial services company, combined with the personalized servicethat our customers are accustomed to every day. We'll also nowhave the ability to expand globally to bring franchise financesolutions to customers around the world." -FranchiseFinance Corporation of America

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Business News

Samsung's New Ad Pokes Fun at Apple's Controversial 'Crush' Ad

Creative universes overlap in a new ad from Samsung.

Starting a Business

This Couple Turned Their Startup Into a $150 Million Food Delivery Company. Here's What They Did Early On to Make It Happen.

Selling only online to your customers has many perks. But the founders of Little Spoon want you to know four things if you want to see accelerated growth.


Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.