M&A Deal Summary

The Goldman Sachs Group Acquires GreenSky

On September 15, 2021, The Goldman Sachs Group acquired information technology company GreenSky for 2.2B USD

Acquisition Highlights
  • This is The Goldman Sachs Group’s 1st transaction in the Information Technology sector.
  • This is The Goldman Sachs Group’s largest (disclosed) transaction.
  • This is The Goldman Sachs Group’s 6th transaction in the United States.
  • This is The Goldman Sachs Group’s 1st transaction in Georgia.
Investment Fate
  • GreenSky was sold to a consortium of buyers in 2023.

M&A Deal Summary
Date 2021-09-15
Target GreenSky
Sector Information Technology
Buyer(s) The Goldman Sachs Group
Deal Type Add-on Acquisition
Deal Value 2.2B USD
Advisor(s) J.P. Morgan Securities
Financial Technology Partners (Financial)
Cravath, Swaine & Moore LLP
Troutman Pepper Hamilton Sanders (Legal)

Target

GreenSky

Atlanta, Georgia, United States
website
GreenSky is a technology company powering commerce at the point of sale for a growing ecosystem of merchants, consumers, and banks. The company's highly scalable, proprietary, and patented technology platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky’s technology to provide loans to super-prime and prime consumers nationwide. GreenSky was formed in 2006 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

The Goldman Sachs Group

New York, New York, United States

website

Category Company
Founded 1869
Sector Financial Services
Employees40,500
Revenue 47.4B USD (2022)
DESCRIPTION

The Goldman Sachs Group is an investment banking, securities and investment management firm. The Firm offers a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The Goldman Sachs Group was founded in 1869 and is based in New York, New York.

DEAL STATS #
Overall 8 of 9
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Georgia) 1 of 1
Country (United States) 6 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 ReNew Power

Gurgaon, India

ReNew Power is an independent power producer (IPP) with an expanding portfolio of assets, delivering cleaner, smarter energy choices and reducing India’s carbon footprint. ReNew Power has utility-scale wind and solar energy projects as well as renewable energy projects catering to the energy requirements of commercial and industrial customers while helping reduce India’s carbon footprint. ReNew’s current commissioned capacity represents about 1.4% of India’s total installed capacity and avoids 0.5% of India’s carbon emissions annually. ReNew Power was founded in 2011 and is based in Gurgaon, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-28 Goldman Sachs Personal Financial Management

Newport Beach, California, United States

Goldman Sachs Personal Financial Management is a registered investment adviser that provides wealth management services throughout the U.S. Goldman Sachs Personal Financial Management was formed in 2005 and is based in Newport Beach, California.

Sell -
Mergr

Product

Company

Legal