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Benzinga
  • 2 years ago
Goldman Sachs is selling its GreenSky platform and loan assets to a consortium of institutional investors led by Sixth Street. The sale is part of Goldman Sachs' strategy to focus on its core franchises. The acquisition is expected to have a negative earnings per share impact for Goldman Sachs in the third quarter of 2023. Sixth Street plans to drive growth through enhanced technology and user experiences. Goldman Sachs and Wells Fargo Securities are financial advisors for the transaction. Sixth Street is a global investment firm with over $74 billion in assets under management.
Transcript
00:00 Benzinga and here's what's on the block. Goldman Sachs is selling its GreenSky platform and loan
00:06 assets to a consortium of institutional investors led by Sixth Street. The sale is part of Goldman
00:12 Sachs' strategy to focus on its core franchises. The acquisition is expected to have a negative
00:18 earnings per share impact for Goldman Sachs in the third quarter of 2023. Sixth Street plans
00:24 to drive growth through enhanced technology and user experiences. Goldman Sachs and Wells Fargo
00:30 Securities are financial advisors for the transaction. Sixth Street is a global investment
00:35 firm with over 74 billion dollars in assets under management. For all things money visit Benzinga.com
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