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Starwood Property to acquire GE Capital's energy finance unit for $2.56 billion

Ciara Linnane

Starwood Property Trust Inc. (stwd) said Wednesday it has agreed to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio in a deal valued at $2.56 billion, including $400 million of loan commitments. The business includes a platform and leadership team, along with 21 full-time employees working on loan origination, underwriting, capital markets and asset management. The loan portfolio, meanwhile, comprises 51 senior loans that are secured by energy infrastructure real assets.