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In an effort to streamline and stabilize General Electric Company (NYSE:GE)’s financial arm GE Capital, the company has sold its Business Property Lending unit in a $2.51 billion deal to EverBank Financial Corp (NYSE:EVER). The property lending unit of GE capital has been involved in commercial lending of real estate for SMEs. EverBank Financial Corp (NYSE:EVER) deals in lending, banking and investing services. The advisers of EverBank in this deal were Bank of America Corp (BAC), Sullivan & Cromwell and Goldman Sachs.

The United States’ largest industrial enterprise has kind of sailed through the financial crisis. But the financial meltdown, has left its marks on General Electric Company (NYSE:GE), as the areas of highest profit generation have changed for the company. Before the financial crisis, GE Capital generated over half of the company’s profits. In 2012’s first quarter, GE Capital made a 36% contribution to the total revenue, while the unit is not as profitable as it was before, it is certainly showing improvement.

Now that GE Capital has sold out the Business Property Lending unit, its real estate portfolio will shrink which will help the conglomerate company to focus on its other more efficient divisions like, Aviation and Energy Financial Services.

During the financial crisis, investors feared for General Electric’s future due to its exposue to the financial sector. CEO Jeff Immelt, vowed to reduce the financial arm of General Electric and focus more on the core business of the company. GE makes many products, from the latest hospital technology equipment to washing machines.