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Call ‐ 1.800.298.5699 OR +1.240.747.3093 Int’l

Fax ‐ 240.747.3004

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Our Offices: Headquarters‐Rockville, MD 11200 Rockville Pike Suite 504 Rockville, MD 20852 240.747.3000 t 240.747.3004 f

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COMPANY OVERVIEW AND KEY FACTS

© MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED

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GENERAL ELECTRIC COMPANY

General Electric (GE) is a diversified industrial corporation. The company's product and services includes aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. The company primarily operates in North America, Europe, Asia, South America, Australia and Africa. It is headquartered in Fairfield, Connecticut and employs 287,000 people. The company recorded revenues of $150,211 million in the financial year ended December 2010 (FY2010), a decrease of 3.3% compared to FY2009. The operating profit of the company was $30,191 million in FY2010, an increase of 6.7% over FY2009. The net profit was $11,344 million in FY2010, an increase of 5.8% over FY2009.

Key facts

Address 3135 Easton Turnpike

State Connecticut

Country United States

Telephone 1 203 373 2211

Fax 1 203 373 3131

Website www.ge.com

Exchange / Ticker NYSE / GE

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General Electric Company activity by deal type - volume (trailing twelve months (TTM))

General Electric Company M&A activity by geography (TTM)

Source: Financial Deals MARKETLINE Source: Financial Deals MARKETLINE

Deal type Volume

Acquisition 55

Capital raising 3

Corporate venturing 40

Divestments 46

Partnership 99

Private equity 1

Geography Volume

North America 30

Europe 14

Asia-Pacific 7

Middle East and Africa 4

South and Central America -

General Electric Company activity by deal type - volume (2007-YTD2011)

General Electric Company M&A average deal size - value ($m)


Deal type 2007 2008 2009 2010 2011

Acquisition (ACQ) 53 38 20 25 30

Capital raising (CR)

1 4 2 2 1

Corporate venturing (CV)

10 12 13 17 23

Divestments (DIV) 29 28 24 29 17

Partnership (Pship)

42 45 44 56 43

Private equity (PE)

1 - - 1 -

Year Number of deals Average deal size ($m)

2007 53 972.91

2008 38 489.27

2009 20 424.63

2010 25 529.17

2011 30 1,420.38



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ADVISOR INFORMATION

General Electric Company legal advisor ranking by value ($m)

Advisor name Volume Value ($m)

Weil, Gotshal & Manges LLP 15 56,283

Latham & Watkins LLP 16 11,002.39

Allen & Overy LLP 23 8,906.37

Slaughter and May 7 7,202.85

Baker & McKenzie LLP 1 5,800

General Electric Company financial advisor ranking by value ($m)

Advisor name Volume Value ($m)

Citigroup, Inc. 4 17,015.57

JPMorgan Chase & Co. 3 16,236.67

The Goldman Sachs Group, Inc. 2 14,416.67

Morgan Stanley 21 13,856.51

Goldman Sachs & Co. 7 10,610.41

TOP DEALS IN (2007 -YTD2011)

Target/Partner (Country) Announcement date Deal status Deal Type Deal value

($m)

NBC Universal, Inc. (United States) Jan 29, 2011 Completed Acquisition 3,673

Converteam Group SAS (France) Mar 29, 2011 Completed Acquisition 3,200

John Wood Group PLC - Well Support Division

(United Kingdom) Feb 13, 2011 Completed Acquisition 2,800

Google, Inc. (United States) Apr 18, 2011 Completed Partnership 2,000

Sumitomo Corporation of America (United States) Apr 18, 2011 Completed Partnership 2,000

TABLE OF CONTENTS


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TABLE OF CONTENTS

COMPANY OVERVIEW AND KEY FACTS ............... 2

TABLE OF CONTENTS .......................................................... 5

LIST OF TABLES .................................................................................... 7

LIST OF FIGURES .................................................................................. 7

TARGETS AND PARTNERS .................................................................. 8

MERGERS & ACQUISITIONS ................................................................ 9

Mergers and Acquisitions – Overview ...................................................................... 9

Mergers and Acquisitions – Deal reports ............................................................... 10

CORPORATE VENTURING .................................................................. 14

Corporate Venturing – Overview ............................................................................. 14

Corporate Venturing – Deal reports ........................................................................ 15

PARTNERSHIP ..................................................................................... 19

Partnership – Overview ............................................................................................. 19

Partnership – Deal reports ........................................................................................ 20

CAPITAL RAISING ............................................................................... 23

Capital Raising – Overview ....................................................................................... 23

Capital Raising – Deal reports ................................................................................. 24

DIVESTMENTS ..................................................................................... 27

Divestments – Overview ........................................................................................... 27

Divestments – Deal reports ...................................................................................... 28

TABLE OF CONTENTS


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PRIVATE EQUITY & OWNERSHIP ...................................................... 33

Private Equity and Ownership – Overview ............................................................. 33

Private Equity and Ownership – Deal reports ........................................................ 34

APPENDIX............................................................................................. 36

Contact Us ................................................................................................................. 36

About MarketLine Financial Deals Database ......................................................... 36

Deal Definition and Methodology ............................................................................ 38

About MarketLine ....................................................................................................... 45

TABLE OF CONTENTS


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LIST OF TABLES

Table 1: General Electric Company M&A volume and value trend (2007-YTD2011) 9

Table 2: General Electric Company M&A activity by geography (2007-YTD2011) 9

Table 3: General Electric Company corporate venturing volume and value trend (2007-YTD2011) 14

Table 4: General Electric Company corporate venturing by geography (2007-YTD2011) 14

Table 5: General Electric Company partnership volume and value trend (2007-YTD2011) 19

Table 6: General Electric Company partnership trend by key deal type (2007-YTD2011) 19

Table 7: General Electric Company capital raising volume and value trend (2007-YTD2011) 23

Table 8: General Electric Company capital raising by deal type (2007-YTD2011) 23

Table 9: General Electric Company divestments volume and value trend (2007-YTD2011) 27

Table 10: General Electric Company divestments activity by geography (2007-YTD2011) 27

Table 11: General Electric Company private equity and ownership volume and value trend (2007-

YTD2011) 33

Table 12: General Electric Company private equity and ownership activity by deal type (2007-YTD2011) 33

LIST OF FIGURES

Figure 1: General Electric Company M&A volume and value trend (2007-YTD2011) 9

Figure 2: General Electric Company M&A activity by geography (2007-YTD2011) 9

Figure 3: General Electric Company corporate venturing volume and value trend (2007-YTD2011) 14

Figure 4: General Electric Company corporate venturing by geography (2007-YTD2011) 14

Figure 5: General Electric Company partnership volume and value trend (2007-YTD2011) 19

Figure 6: General Electric Company partnership trend by key deal type (2007-YTD2011) 19

Figure 7: General Electric Company capital raising volume and value trend (2007-YTD2011) 23

Figure 8: General Electric Company capital raising by deal type (2007-YTD2011) 23

Figure 9: General Electric Company divestments volume and value trend (2007-YTD2011) 27

Figure 10: General Electric Company divestments by geography (2007-YTD2011) 27

Figure 11: General Electric Company private equity and ownership volume and value trend (2007-

YTD2011) 33

Figure 12: General Electric Company private equity and ownership by deal type (2007-YTD2011) 33

TARGETS AND PARTNERS


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TARGETS AND PARTNERS

General Electric Company targets and partners (2007 -YTD2011)

General Electric Company-Target/Partner name Deal Date Deal type Deal value ($m)

Mac Guff Ligne SA (France) Nov 14, 2011 Acquisition -

Better Place (United States) Nov 11, 2011 Venture financing 200

Lightfoot Capital Partners, LP (United States) Oct 24, 2011 Acquisition 85

SolarEdge Technologies, Ltd. (Israel) Oct 24, 2011 Venture financing 37

Moser Baer Clean Energy Limited (India) Oct 18, 2011 Partnership -

GE Energy Financial Services (United States) Oct 18, 2011 Partnership 2,000

Affitech A/S (formerly Pharmexa A/S) (Denmark) Oct 17, 2011 Partnership -

GE Healthcare Life Sciences (United Kingdom) Oct 17, 2011 Partnership .5

MERGERS & ACQUISITIONS


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Mergers and Acquisitions – Overview

Figure 1: General Electric Company M&A volume and value trend (2007-YTD2011)

Figure 2: General Electric Company M&A activity by geography (2007-YTD2011)


Table 1: General Electric Company M&A volume and value trend (2007-YTD2011)

Table 2: General Electric Company M&A activity by geography (2007-YTD2011)

Year Volume Value ($m)

2007 53 23,349.91

2008 38 8,806.79

2009 20 2,547.78

2010 25 5,291.74

2011 30 11,363

Geography Volume

North America 85

Europe 50

Asia-Pacific 22


South and Central America 4



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Mergers and Acquisitions – Deal reports

Deal Report: Lineage Power acquires PECO II

Deal in brief

Lineage Power Holdings, Inc., a provider of power conversion products, has acquired all the outstanding shares of PECO II, Inc., a manufacturer of power systems for the telecommunications market. Both the companies are based in the US.

Announcement (February 18, 2010): Lineage Power has entered into a definitive agreement to acquire all the outstanding shares of PECO for an offer price of $5.86 per share in cash, valuing PECO at approximately $16.7 million.

The offer price represents a 51% premium over the closing price of PECO shares on February 17, 2010.

PECO offers solutions to the telecommunication market by providing on-site E&I systems integration, installation, maintenance and monitoring services and by designing, assembling and marketing communications specific power products. The products it offers include power systems, power distribution equipment and systems integration products.

Western Reserve Partners LLC is acting as financial advisor and Porter Wright Morris & Arthur LLP is acting as legal advisor to PECO. Latham & Watkins LLP is acting as legal advisor to Lineage Power on the transaction, which is expected to complete in the second quarter of 2010.

Target PECO II, Inc.

Acquirer Lineage Power Holdings, Inc.

Deal status Completed

Deal value (estimated) ($m) s. 16.70

Deal category Acquisition

Deal sub-category 100% acquisition

Date of announcement Feb 18, 2010

Date of completion Apr 16, 2010

Deal financials

Valuation multiples (PECO II, Inc.)

EV/Revenues s. 0.05

EV/Operating profit -. -0.2



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EV/EBITDA -. -0.3

EV/Total assets s. 0.07

Share price (PECO II, Inc.)

Share price paid ($) s. 5.86

Bid premium (PECO II, Inc.)

Bid premium (%) 51

Method of payment

Lineage Power Holdings, Inc. Cash 100 (%)

Company information: Target and acquirer

Target: PECO II, Inc.

Parent company Lineage Power Holdings, Inc.

Company type Public

Stock exchange NASDAQ (NASDAQ)

Ticker symbol PIII

Business description

PECO II, Inc. is a manufacturer of power systems for the telecommunications market. Its products include battery plants, rectifiers, power distribution equipment, converter plants, inverter plants and monitoring equipment.

Industry Industrial Goods and Machinery-->Electrical Components and Equipment

Number of employees 170

Address 1376 State Route 598

City Galion

State Ohio


Website www.peco2.com

Phone number 1 800 999 7326

Financial information – (Fiscal year 31-Dec-2008)

Financial parameters ($m)

Revenues 41.74

Operating profit -7.8



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EBITDA -6.3

Post tax profit -7.7

Net assets 19.08

Market capitalization 6.90

Earnings per share (absolute) -2.7

Shares in issue (absolute) 28,16,527

Key ratios

Operating margin (%) -18.7

Net assets-share ratio 6.77

Acquirer: Lineage Power Holdings, Inc.

Parent company General Electric Company

Company type Private


Lineage Power Holdings, Inc. is a provider of power conversion solutions with energy-efficient AC-DC power supplies, DC-DC board-mounted power modules, telecom energy systems, and custom power products.

Industry Industrial Goods and Machinery-->Electrical Components and Equipment

Address 3000 Skyline Drive

City Mesquite

State Texas


Website www.lineagepower.com


Advisor information

Target : PECO II, Inc.

Financial advisors

Western Reserve Partners LLC

Legal advisors

Porter Wright Morris & Arthur LLP



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Acquirer : Lineage Power Holdings, Inc.

Legal advisors

Latham & Watkins LLP

CORPORATE VENTURING


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CORPORATE VENTURING

Corporate Venturing – Overview

Figure 3: General Electric Company corporate venturing volume and value trend (2007-YTD2011)

Figure 4: General Electric Company corporate venturing by geography (2007-YTD2011)


Table 3: General Electric Company corporate venturing volume and value trend (2007-YTD2011)

Table 4: General Electric Company corporate venturing by geography (2007-YTD2011)

Year Volume Value ($m)

2007 10 1,184.65

2008 12 397

2009 13 193.4

2010 17 148.8

2011 23 611.81

Geography Volume

North America 63

Europe 5

Asia-Pacific 4


South and Central America -

CORPORATE VENTURING


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Corporate Venturing – Deal reports

Deal Report: Better Place to raise $200 million in Series C equity funding

Deal in brief

Better Place, a US-based electric vehicle network services provider, has secured $200 million in Series C equity funding.

New investors in the Series C round include GE and UBS AG, among others. Existing shareholders, including Israel Corp., HSBC Group, Morgan Stanley Investment Management, VantagePoint Capital Partners, Ofer Group and Maniv Energy Capital, also joined the round. The Series C financing transaction is expected to close in the fourth quarter of 2011.

Target Better Place

Acquirer 1 General Electric Company

Acquirer 2 Israel Corporation Limited

Acquirer 3 Ofer Group

Acquirer 4 UBS AG

Acquirer 5 HSBC

Acquirer 6 Morgan Stanley Investment Management Inc

Acquirer 7 VantagePoint Capital Partners

Acquirer 8 Maniv Energy Capital, LLC

Deal status Announced

Deal value ($m) 200

Deal category Venture financing

Deal sub-category Growth capital/expansion

Round of financing Series C

Date of announcement Nov 11, 2011

Deal rationale

The proceeds will be used to expand Better Place into Western Europe and continue to advance its deployment projects in Northern California, Southern China, Japan, Ontario, Canada, and Hawaii.

Security type information

CORPORATE VENTURING


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Security type Preferred stock

Security type Value ($m)

Equity investment amount 200

Company information: Target and acquirer

Target: Better Place



Better Place is a electric vehicle network services provider. The company is building the infrastructure and intelligent network to deliver a range of services to drivers, enable widespread adoption of electric vehicles, and optimize energy use. Based in California and privately held, Better Place has operating companies in Israel, Denmark, and Australia.

Industry

Transport and Logistics-->Transport Infrastructure Energy and Utilities-->Utilities-->Downstream Energy-->Fuel Retailing

Address 1070 Arastradero Road,Suite 220

City Palo Alto

State California


Website www.betterplace.com


Acquirer 2: Israel Corporation Limited

Company type Public

Stock exchange TASE (Tel-Aviv Stock Exchange)

Ticker symbol ILCO


Israel Corporation Limited (IC) is a holding company involved in domestic and overseas markets throughout the world. The company's primary focus is on chemicals, shipping, semiconductors and energy. IC’s holdings include Israel Chemicals Ltd., a fertilizers and specialty chemicals company; Zim Integrated Shipping Services Ltd., a container-shipping company; and Tower Semiconductor Ltd., an independent specialty foundry.

Industry Chemicals

CORPORATE VENTURING


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Energy and Utilities Transport and Logistics-->Logistics and Freight-->Freight Transportation-->Sea Freight Technology and Services-->IT Hardware-->Semiconductors and Processors

Address Millennium Tower, 23rd and 24th Floors, 23 Aranha Street

City Tel Aviv

Country Israel

Website www.israelcorp.com


Acquirer 3: Ofer Group


Business description Ofer Group is a holding company engaged in diversified businesses including shipping, healthcare, ICT, private equity, media, aviation, and real estate.

Industry

Aerospace and Defense Construction and Real Estate Media Pharmaceuticals and Healthcare-->Healthcare Technology and Services Transport and Logistics Financial Services-->Private Equity and Venture Capital

Address Ramat Aviv Tower, 40 Einstein St.

City Tel Aviv

Country Israel

Website www.oferg.com

Phone number 972 3 7456060

Acquirer 4: UBS AG

Industry Investment/merchant bank, financial services/advisory services


UBS AG is a global provider of financial services for wealthy clients. UBS’s financial businesses are organized on a worldwide basis into three Business Groups and the Corporate Center. Global Wealth Management & Business Banking consists of three segments: Wealth Management International & Switzerland, Wealth Management US and Business Banking Switzerland.

Address Bahnhofstrasse 45

City Zurich

Country Switzerland

CORPORATE VENTURING


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Website www.ubs.com

Phone number 1 212 8213000

Acquirer 6: Morgan Stanley Investment Management Inc

Parent company Morgan Stanley

Industry Asset management firm


Morgan Stanley Investment Management Inc is an asset management arm of Morgan Stanley. The firm primarily provides its services to investment companies and pension and profit sharing plans.

Address 1585 Broadway

City New York

State New York


Website www.morganstanley.com


Acquirer 7: VantagePoint Capital Partners

Industry Investment company

Business description VantagePoint Capital Partners is aninvestment firm focused on CleanTech, information technology, healthcare and Asia.


Acquirer 8: Maniv Energy Capital, LLC

Parent company Maniv Investments, LLC

Industry Investment company

Business description Maniv Energy Capital, LLC is an investment firm focusing on clean technology and alternative energy sectors.

Address NJ411 State Route 17, Suite 310, Hasbrouck Heights

City New Jersey

State New Jersey


Website www.maniv.com


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