Reported 19 days ago
Goldman Sachs Group Inc. has agreed to acquire venture capital investor Industry Ventures in a deal valued at up to $965 million, enhancing its presence in the American entrepreneurial landscape. The transaction begins with an initial payment of $665 million in cash and equity, with the potential for an additional $300 million based on performance through 2030. Founded in 2000, Industry Ventures manages $7 billion in assets and has historically provided strong returns to investors. This acquisition is aimed at facilitating closer connections to potential clients for Goldman’s banking and wealth management services.
Source: YAHOO