Goldman Rumored To Be In Talks To Sale Its Auto Warranty Business

By John Heerdink LinkedIn

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base.

Reportedly, Goldman is now working with advisers to analyze the sale of Safe-Guard Products International LLC which was established in 1992. Rumors have it that it is seeking to  value the company at a figure that is somewhere north of $1 billion.  Goldman’s originally acquired Safe-Guard through its merchant banking unit in 2012 from H.I.G Capital, a private equity firm for an undisclosed price.

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Aug13(14)

Goldman Sachs explores sale of auto warranty business Safe-Guard -sources

Goldman Sachs Group Inc’s buyout arm is exploring the sale of Safe-Guard Products International LLC, which could value the auto warranty company at more than $1 billion, including debt, people familiar with the matter said on Wednesday. Goldman Sachs is working with advisers on an auction for Safe-Guard..

finance.yahoo.com

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