​​ Goldman Sachs agreed to sell GreenSky, its home improvement lending unit, and its associated loans, to a consortium led by Sixth Street Partners. While the deal’s exact value was not disclosed, it is expected to close in the first quarter of next year. The sale is part of Goldman Sachs’ effort to scale back its retail operations and refocus on its core businesses in investment banking and trading. GreenSky was originally acquired for $2.24 billion in an all stock transaction back in 2021, when demand for home improvement loans skyrocketed due to consumer behavior changes resulting from the pandemic.

Goldman Sachs Agrees to Sell GreenSky to Sixth Street-Led Consortium