Goldman (GS) Closes GreenSky Sale in Pivot From Consumer Finance

The Goldman Sachs Group, Inc. (GS) has completed the sale of GreenSky, its home-improvement lending platform, to a consortium that includes KKR, Bayview Asset Management and CardWorks, and is led by investment firm Sixth Street Partners. GreenSky offers point-of-sale (POS) technology to connect home improvement contractors with consumers for loan originations.GreenSky was acquired by GS in 2022 for $1.7 billion. However, in October 2023, the company announced intentions to dispose of the business in a major ...