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General Electric Company didn’t take much of a vacation this past summer. The conglomerate, which has been feverishly shuffling assets at its financing units, announced its biggest deal of the year so far on August 5. GE will pay $5.4 billion in cash and assumed debt to purchase the commercial lending business of Transamerica Finance Corporation from Aegon N.V. Aegon, an insurer based in The Hague, The Netherlands, spent $9.7 billion to buy Rosemont, Illinois-based Transamerica in 1999. Aegon is selling the commercial lending business to focus on life insurance, pensions, and related products. Among the Transamerica units still on the block: its maritime container, European trailer leasing, and real estate information services units. The day before announcing the Transamerica deal, GE said it would sell its Financial Guaranty Insurance Company to a consortium led by The PMI Group, Inc., a Walnut Creek, California-based mortgage insurance provider, for $1.86 billion in cash. GE has also agreed to buy First National Bank plc from U.K.-based Abbey National plc for $1.4 billion, and is selling its Richmond-based GE Financial Assurance Holdings, Inc., unit for $2.15 billion to American International Group, Inc. For buyer General Electric Company (Fairfield, Connecticut) In-house: General counsel-GE Commercial Finance J. Keith Morgan, general counsel-GE Commercial Distribution Finance Walt Bay, associate general counsel for business development-GE Commercial Equipment Financing Gail Pflederer, general counsel-GE Corporate Financial Services Preston Abbott, counsel-GE Commercial Real Estate Patricia DeLuca, counsel-GE Structured Finance Group Stefan Ford, associate general counsel-antitrust Aimee Imundo, and tax counsel Michael Stone and Stuart Wessler. Weil, Gotshal & Manges (New York): Corporate: Angela Fontana, Jane McDonald, and associates Jon-Paul Bernard, Doreen Lee, Gabriel Matus, Brian Robinson, Samir Shah, Gudrun Steele, and Brandy Treadway. ERISA: counsel Steven Margolis. Trade practices and regulation: Annemargaret Connolly. Tax: Mark Hoenig, Martin Pollack, Gary Richards, counsel St�phane Chaouat, and associates Christopher Hutley, Scott Sontag, and Alexandra van Nes. (Fontana and Treadway are in Dallas; Steele, Richards, and Hutley are in London; Chaouat is in Paris; and Connolly is in Washington, D.C.) Weil is longtime outside counsel to GE. Sidley Austin Brown & Wood (Chicago): Corporate: Dennis Osimitz, Imad Qasim, and associates Cara Sedlak, James Whitney, and Scott Williams. Environmental: Laura Leonard. Real estate: associates Gayla Germain, Rick Raguse, and Coree Smith. Banking and leasing: James Looman, counsel Alan Gabbay, and associates Rachel Arnold, Harlyn Bohensky, Michael Faulconer, Jon Martin, Jonathan Naimark, Christopher Restad, Gilberto San Clemente, Trina Sandoval, Allison Satyr, Carla Varner, David Witek, and Clifford Work. (Faulconer and Witek are in Los Angeles; the rest of the banking and leasing lawyers are in New York, except for Looman, Gabbay, and Satyr, who are in Chicago.) Sidley frequently does work for GE. Arnold & Porter (Washington, D.C.): Antitrust: Jonathan Gleklen, Marleen Van Kerckhove, and associate Susan Hinchliffe. (Van Kerckhove and Hinchliffe are in Brussels.) Arnold & Porter regularly represents GE and GE Capital in antitrust litigation and in transactional matters. For seller Aegon N.V. (The Hague, The Netherlands) In-house: General counsel-Aegon USA Craig Vermie and general counsel-Transamerica Financial Corporation Vincent Hillery. LeBoeuf, Lamb, Greene & MacRae (New York): Corporate: Joseph Ferraro, Stephen Rooney, and associates Dennis Huang, Frederick Lark, Sonia Low, Bo-Yong Park, and Andrianne Payson. Tax: Arthur Hazlitt, counsel Andrew Terry, and associates Albert Gonzalez and Linda Sciuto. Antitrust: Guy Soussan, counsel Steven Levitsky, and associate Peter Crowther. (Ferraro, Terry, and Crowther are in London; Soussan is in Brussels.) LeBoeuf represented Aegon when it bought TransAmerica in 1999.

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