Goldman Sachs’ $2.24 Billion Acquisition of GreenSky

Simpson Thacher advised J.P. Morgan Securities on the deal, while Cravath represented GreenSky.

The Goldman Sachs Group executed its acquisition of GreenSky, the largest fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately $2.24 billion. J.P. Morgan Securities acted as financial advisor to GreenSky, Inc.

GreenSky 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. 

The Simpson Thacher team included Sebastian Tiller and Stephen Wiseman (M&A).

The Cravath team was led by partners Daniel J. Cerqueira and Robert I. Townsend III and included associates Kelly M. Smercina, Richard E. Schwartz, Bethany A. Pfalzgraf and Evan S. Gabor on M&A matters; partner David L. Portilla, senior attorney Will C. Giles and associate Caroline B. Shinkle on bank regulatory matters; partner Stephen L. Gordon and associates Arvind Ravichandran, Duncan H. Hardell and Sonia Katharani-Khan on tax matters; partner Matthew J. Bobby, practice area attorney Arian Mossanenzadeh and associate Brendon J. Rivard on executive compensation and benefits matters; partner David J. Kappos and associate Pedraam Mirzanian on intellectual property matters; partner Matthew M. Kelly on financing matters; and senior attorney Jesse M. Weiss on antitrust matters.

Involved fees earner: Matthew Bobby – Cravath Swaine & Moore; Daniel Cerqueira – Cravath Swaine & Moore; Evan Gabor – Cravath Swaine & Moore; Will Giles – Cravath Swaine & Moore; Stephen Gordon – Cravath Swaine & Moore; Duncan Hardell – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Sonia Katharani-Khan – Cravath Swaine & Moore; Matthew Kelly – Cravath Swaine & Moore; Pedraam Mirzanian – Cravath Swaine & Moore; Arian Mossanenzadeh – Cravath Swaine & Moore; Bethany Pfalzgraf – Cravath Swaine & Moore; David Portilla – Cravath Swaine & Moore; Arvind Ravichandran – Cravath Swaine & Moore; Brendon Rivard – Cravath Swaine & Moore; Richard Schwartz – Cravath Swaine & Moore; Caroline Shinkle – Cravath Swaine & Moore; Kelly Smercina – Cravath Swaine & Moore; Robert Townsend III – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore; Sebastian Tiller – Simpson Thacher & Bartlett; Stephen Wiseman – Simpson Thacher & Bartlett;

Law Firms: Cravath Swaine & Moore; Simpson Thacher & Bartlett;

Clients: GreenSky; J.P. Morgan Securities LLC;

Author: Alejandro Girola