Appleby Acts As Counsel To Goldman Sachs

Goldman Sachs agreed to acquire LCN Capital Partners, a 'hands-off' commercial real estate firm, for up to $410M. LCN specializes in triple-net leases, offering steady income streams. Goldman aims to expand its asset management business, targeting corporate clients and investors. This follows other recent deals in ETF and venture capital platforms.

Standard Life partners with CVC, Prudential Financial, Goldman Sachs, and MS&AD to expand its Pension Risk Transfer business, with a £2bn initial capital commitment. The partnership aims to support a broader range of defined benefit pension schemes, generating fee-based revenues and attractive returns for Standard Life, subject to regulatory approval.

Goldman Sachs (NYSE:GS) agreed to acquire LCN Capital Partners for up to $410 million, expanding its real estate investment capabilities. LCN manages $3 billion in assets. The deal includes $260 million upfront and $150 million contingent on performance. The acquisition is expected to close by the end of 2026, subject to approvals.

Analysts upgraded Micron (MU) and Guidewire (GWRE) citing improved inventory and AI growth, respectively. Goldman Sachs (GS) and Datadog (DDOG) were downgraded due to valuation concerns and growth expectations.

Goldman Sachs agreed to acquire LCN Capital Partners for about $260 million upfront, with up to $150 million more contingent on performance. The deal, expected to close by year-end 2026, is 80% in Goldman equity. LCN's team will join Goldman Sachs Asset Management. Goldman's Global Banking & Markets advised the bank, while RBC Capital Markets and McDermott advised LCN.

Goldman Sachs (GS) agreed to acquire LCN Capital Partners for up to $410 million, expanding its asset management platform. The deal adds real estate capabilities to GS's commercial real estate offering. This is GS's second major asset management deal this week, focusing on diversified, recurring fee revenue. GS has a market cap of $318.3 billion. The acquisition is expected to close by the end of 2024, with investors watching for impacts on fundraising and fee revenue.