Goldman Sachs buys LCN in deal worth up to $410M

crypto.news Editorial

(03:42 PM UTC)

1 min read

Goldman Sachs has agreed to buy LCN Capital Partners for up to $410 million, adding about $3 billion in commercial real estate assets to its investment management business.

Summary

Goldman will pay $260 million upfront, with up to $150 million tied to future targets.
About 80% of the acquisition price will be paid in Goldman Sachs stock.
LCN manages…

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