Private Equity
General Electric (GE) announced Tuesday it was selling its Japanese leasing business to Sumitomo Mitsui Financial Group (SMFG) for $4.8 billion. The deal is seen closing in April. This is the second deal between the two firms. In June SMFG agreed to buy GE's European private equity financing business. Earlier this month, GE sold off its consumer finance business in New Zealand and Australia and signed a memorandum of understanding to potentially