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Simpson Thacher Represents JPMorgan as Financial Advisor to GreenSky in $2.24 Billion Sale to Goldman Sachs

09.15.21

The Firm is representing J.P. Morgan Securities LLC as financial advisor to GreenSky, Inc. (Nasdaq: GSKY), the largest fintech platform for home improvement consumer loan originations, in connection with its sale to The Goldman Sachs Group, Inc. in an all-stock transaction valued at approximately $2.24 billion. Closing of the transaction is subject to approval by GreenSky stockholders, receipt of required regulatory approvals and satisfaction of other customary conditions.

GreenSky, headquartered in Atlanta, is a leading technology company Powering Commerce at the Point of Sale® for a growing ecosystem of merchants, consumers and banks. GreenSky’s highly scalable, proprietary and patented technology platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky’s technology to provide loans to super-prime and prime consumers nationwide. GreenSky currently services a $9 billion loan portfolio, and since GreenSky’s inception, approximately 4 million consumers have financed more than $30 billion of commerce using GreenSky’s paperless, real time “apply and buy” technology.

The Simpson Thacher team includes Stephen Wiseman (M&A).

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