Synchrony Financial KKR & Co. Apollo Global Management Sixth Street Partners and Warburg Pincus have bid on the installment loan business of Goldman Sachs...
Synchrony Financial SYF, KKR & Co. KKR, Apollo Global Management APO, Sixth Street Partners and Warburg Pincus have bid on the installment loan business of Goldman Sachs Group Inc.’s GS GreenSky consumer lending business, but the bids are coming up below what Goldman wants, CNBC reported, citing people familiar with the process. Goldman Sachs may end up getting far less for the GreenSky businesses than it paid when it acquired the company for $1.
’s GS GreenSky consumer lending business, but the bids are coming up below what Goldman wants, CNBC reported, citing people familiar with the process. Goldman Sachs may end up getting far less for the GreenSky businesses than it paid when it acquired the company for $1.7 billion in stock when the deal closed in 2021, the report said. If that happens, Goldman Sachs would have to take a large write-down on the value of the business. The investment bank announced plans to sell GreenSky in April.
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