GreenSky Announces Completion of Acquisition by Sixth Street-led Consortium
Summary
ATLANTA--(BUSINESS WIRE)--GreenSky today completed the previously announced acquisition of the company by a consortium of institutional investors led by Sixth Street and including KKR, Bayview Asset Management and CardWorks from Goldman Sachs. GreenSky has a growing network of over 10,000 merchants and helps them accelerate their business results by incorporating seamless financing into their commerce and sales experience. 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 firm uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions.