Growth Agenda

History

 

Factofrance was born in june 3rd, 2002 from the fusion between Factofrance and GE Capital Finance.
In 2005, it becomes GE Commercial Finance, Factofrance. 

Factofrance

2005
 GE Factofrance becomes GE Commercial Finance, Factofrance
2002
 Factofrance and GECF merge to become GE Factofrance
2001
 GE Capital, a diversified financial services company and subsidiary of the General Electric Company (NYSE: GE), announced the completion of its acquisition of Heller Financial, Inc. ("Heller") for $5.3 billion in cash or $53.75 per share.
1998

HELLER'S IPO : Heller is introduced on the New York Stock Exchange
To date, Factofrance's shareholding is as follows :

  • Heller Holding France 97.6 %
  • Company Saving Plan 2.4 %

Heller Holding France is a French holding company fully owned by Heller International Group. Heller Financial, head Company of the Heller Group, is a Finance company based in Chicago and listed on the N.Y.S.E. ( HF). The Fuji Bank owns 52 % of the share capital.
1997
 SUEZ sells its participation to Heller
Suez, become Suez Lyonnaise, quits from the financial services and sells its participation to HELLER.
1992
 CIC sells its participation to SUEZ
The CIC of Paris sells its 16 % stake to the Company de Suez and, at the same time, creates Factocic, a dedicated factoring company for the CIC Group, subsidiary of Factofrance and of the regional Banks of the CIC Group.
1989
 The Staff becomes a shareholder through a Company Saving Plan
1987
 Privatization of SUEZ
1984
 Fuji Bank acquires HELLER
1982
 Nationalization of SUEZ
1979
 CIC becomes shareholder
1978
 SUEZ acquires CIC
1976
 Departure of BNP which sells its shares to SUEZ
1975
 SUEZ and Banque de l'Indochine merge
1966

Creation
Walter E. Heller (50 %), the Banque de l'Indochine and the CNEP (BNP), through their joint American subsidiary, the French American Banking Corporation (50 %) created Factofrance to make it become the French link of a chain of Factoring Companies, the Heller Group. The idea of Walter E. Heller was to establish a network of companies to serve the financial needs of American exporters operating in several countries based on the two factor system concept. For many reasons, this initial project could not be developed as foreseen and to date, many companies (6 out of 17) of the Heller group are Factors Chain International's members, a wider association.

GE Capital Finance


12/1995
 With the acquisition of Sovac by General Electric, Sofirec became GE Capital Finance, a wholly-owned subsidiary of the GE group
09/1995
 Sofirec is acquired by the Sovac group. The company was previously owned by Holding St Honoré and La Savoisienne, two listed holding companies of the Edmond de Rothschild group.
1988
 Sofirec listed on the Second Marché of the Paris Bourse.
1969
 Foundation of Sofirec (Société de Banque pour le Financement et le Recouvrement)
1922
 Foundation of Crédit du Corps de Santé, France's only bank specialized in the health industry.