Shearman & Sterling is advising GE on the sale of its GE Capital, Transportation Finance business in the US and Canada to BMO Financial Group (BMO). The transaction is subject to customary regulatory and other approvals and is expected to close in December of 2015.

GE Capital, Transportation Finance provides wholesale and commercial end-user financing to OEMs, dealers and end users for heavy and medium duty commercial trucks and trailers.

The Shearman & Sterling team was led by counsel Nathan Sawyer (New York-Mergers & Acquisitions) and included partners Doreen Lilienfeld (New York-Compensation, Governance & ERISA), Bjorn Bjerke (New York-Finance), and Richard Hsu (Menlo Park-Intellectual Property Transactions); counsel Jason Pratt (New York-Environmental); and associates Tasha Matharu (New York-Compensation, Governance & ERISA), Matt Wochok (Washington, DC-Tax), Joshua Steinberger (New York-Intellectual Property Transactions), Edward Boehme (New York-Mergers & Acquisitions), Edward Mullen (New York-Mergers & Acquisitions) and Zach Shub-Essig (New York-Corporate Group).