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Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages

August 30, 2023

According to Bloomberg citing undisclosed sources, the US private equity company Apollo Global Management, investment firm Sixth Street and the AI fintech Pagaya Technologies are all actively engaged in the bidding process.

Bloomberg says Apollo has formed a bidding group with Blackstone, while Pagaya is said to have private equity investor General Atlantic as a bidding partner and is reportedly willing to pay up to $800 million for the Atlanta-based fintech.

Goldman Sachs’ journey with GreenSky began back in September 2021, when it acquired the fintech in an all-stock transaction valued at $2.24 billion – a far cry from the bids being put forward now.

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