Goldman Sachs (NYSE:GS) is in advanced discussions to sell specialty lender GreenSky to a gaggle of funding corporations in a deal valued at about $500 million.
Goldman (GS) is in talks with Sixth Street Partners, Pacific Investment Management, and KKR (KKR), in accordance to a WSJ report, which cited folks conversant in the matter. Goldman is in unique talks with the Sixth Street-led consortium.
Semafor reported in June that Apollo Global (APO), Sixth Street, and Warburg Pincus have been among the many corporations that submitted preliminary bids for GreenSky.
Goldman Sachs (GS) CEO David Solomon mentioned in February that the corporate is taking a look at strategic alternate options at its Platform Solutions unit, which incorporates its shopper card and shopper partnerships. Goldman is in the method of promoting some loans in its Marcus shopper financial institution portfolio, administration mentioned on the time.
Goldman (GS) agreed in September 2021 to purchase the fintech GreenSky for $2.24 billion as a part of its push into shopper finance, and the deal was closed in March 2022.
At a June 1 convention, Goldman Sachs (GS) President John Waldron mentioned the GreenSky transaction may remove $500 million in goodwill related to the acquisition, and the sale of loans may consequence in different one-time costs.