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

By John F. Heerdink, Jr.

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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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..


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