Consortium Led by Sixth Street Partners in Exclusive Talks to Acquire Goldman’s GreenSky

A consortium led by investment firm Sixth Street Partners has entered exclusive talks to acquire Goldman Sachs Group Inc’s home improvement lender GreenSky, two people familiar with the matter said on Tuesday.

The consortium, which includes Pacific Investment Management and KKR & Co, prevailed over a rival bid from private equity firm Apollo Global Management Inc in an auction for GreenSky, the sources said.

The transaction would be worth about $500 million, according to the Wall Street Journal, which reported earlier that Sixth Street’s consortium was in advanced talks for a deal.

Read the source article at Yahoo Finance