A consortium led by investment firm Sixth Street Partners, LLC has entered exclusive talks to acquire The Goldman Sachs Group, Inc. (NYSE:GS)?s home improvement lender GreenSky, Inc. (NasdaqGS:GSKY), two people familiar with the matter said on September 19, 2023. The consortium, which includes Pacific Investment Management Company LLC and KKR & Co. Inc. (NYSE:KKR), prevailed over a rival bid from private equity firm Apollo Global Management, Inc. (NYSE:APO) 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. The amount would value GreenSky substantially lower than the $2.24 billion all-stock deal that Goldman inked to buy it in September 2021. The deal value had dropped to $1.7 billion by the time the acquisition was completed in March 2022 as Goldman's shares slid.

The sources requested anonymity ahead of an official announcement. Goldman Sachs declined to comment, while representatives for the investment firms either declined to comment or did not respond to requests for comment.