AION Capital Partners, a joint venture between private equity firms ICICI Venture and Apollo Global Management, has agreed to back a consortium of former GE Capital executives to acquire GE Capital’s India commercial lending and leasing businesses, namely GE Capital Services India and GE Money Financial Services. The transaction will include approximately US$400 million in ending net investment. The companies, which will transfer their employees to the buying consortium, are involved in auto leasing, healthcare financing and corporate lending and leasing. The transaction is subject to regulatory approval.