The Goldman Sachs Group Inc. in its sale of its GreenSky platform and associated loan assets to Sixth Street in partnership with KKR, Bayview Asset Management and Cardworks

On October 11, 2023, The Goldman Sachs Group, Inc. (NYSE: GS) announced that it has entered into an agreement to sell its GreenSky platform and associated loan assets to a consortium of institutional investors led by Sixth Street in partnership with KKR, Bayview Asset Management and Cardworks.  The transaction also includes significant support from PIMCO through an asset acquisition, as well as strategic financing from CPP Investments.  The sale marks an important milestone in Goldman Sachs’ execution of its previously announced plan to narrow the focus of its consumer business.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Goldman Sachs.