Joining Sixth Street as part of the consortium are funds and accounts managed by the New York-headquartered investment firm KKR, investment management firm Bayview Asset Management and credit and payments company CardWorks. Investment advisor Pimco also supported the transaction through an asset acquisition, while Toronto-based CPP Investments provided “strategic financing”.
Goldman Sachs anticipates that the transaction will reduce its earnings per share for Q3 2023 by $0.19, and will continue to operate GreenSky and report its business results until the deal closes in Q1 2024.
