Capital One Financial Corporation (NYSE:COF) signed a definitive agreement to acquire GE HFS Holdings Inc. from General Electric Capital Corporation for $9 billion on August 11, 2015. Under the terms of the agreement, Capital One Financial Corporation will acquire healthcare-related loans and its Healthcare Financial Services business. Darren Alcus, President of GE Capital, Healthcare Financial Services, will become the President of Capital One's healthcare finance business. The transaction is subject to customary regulatory and other approvals and is expected to close by December 31, 2015. Credit Suisse (USA), Inc. and Neal Blinde, April Frazer, Matt Benton, and Dave Ferro of Wells Fargo Securities, LLC acted as financial advisor and Matthew M. Guest, Brandon C. Price, Damien G. Didden, David E. Kahan, Gregory E. Pessin, Joshua M. Holmes, Patricia A. Robinson, Raaj S. Narayan, Kevin S. Cooper, Chelsea N. Darnell, Michael J. Schobel, Neil K. Chatani, Tijana J. Dvornic, and Michael B. Love of Wachtell, Lipton, Rosen & Katz acted as legal advisor for Capital One Financial Corporation. Centerview Partners LLC, Citigroup Global Markets and J.P. Morgan Securities LLC acted as financial advisors and Paul D. Manca, Michael E. Gilligan, Deborah K. Staudinger; J. Warren Gorrell, Jr., G. Allen Hicks, Laura R. Biddle, Ejim Peter Achi, Jeffrey B. Aris, Elizabeth L. Banks, Andrew P. Felton, Jason A. Georges, Madelyn E. Healy, Brittany Danielle Jones, Albert D. Shin, , Marc-Andre Wolfe, Michael E. DeLarco, Scott H. Reisch, Russell J. DaSilva, Peter Steven Humphreys, John D. Beck, Michelle V. Bleda, Phillip T. Brown, Frederick S. Cristman, Elina H. Eriksson, Michael Shane Johnson, Daniel J.P. Lanigan, Virginia Y. Meier, , M. Brooke Shekhar, Celine Jimenez Crowson, Joseph Raffetto, Lisa Bonanno, Ellen Swennes Kennedy, Cynthia Carney Johnson, Cecilia Castillo Bernstein, Lacy Nicole Brown, Lance Y. Murashige, Robert Louis Pillow, James L. VanLandingham, Lee E. Berner, Lee Samuelson, Lydia Jihye Hwang, Sierra S. Russell, Martha N. Steinman and Michael A. Applebaum of Hogan Lovells US LLP acted as legal advisor for General Electric Capital Corporation.

Capital One Financial Corporation (NYSE:COF) completed the acquisition of GE HFS Holdings Inc. from General Electric Capital Corporation on December 1, 2015. Darren Alcus, former President of GE Capital, Healthcare Financial Services, has been named President of Capital One Healthcare, and will report to Michael Slocum, President of Capital One's Commercial Bank.