Goldman Sachs Group Inc Stock Price, News & Analysis

Nextiva has secured $200M in its first external funding round led by Goldman Sachs, achieving a valuation of $2.7B. The funds will accelerate innovation in connected communications, focusing on AI, automation, and global market expansion. With $250M in annual recurring revenue, Nextiva is recognized as a market leader in business communications in the U.S. The investment reflects a market shift toward integrated communication solutions, streamlining customer engagement amidst increasing expectations and digital transformation challenges.

Transmit Security, a leader in identity experience, announced a historic $543 million Series A funding round, the largest ever in cybersecurity. The round included investments from Citi Ventures, Goldman Sachs, Insight Partners, and others, boosting the company's pre-money valuation to $2.2 billion. With this capital, Transmit Security aims to enhance its operations, extend its global presence, and advance its mission of eliminating passwords, addressing a prevalent cybersecurity issue. Key experts from the investment firms expressed strong confidence in the company's innovative approach.

Goldman Sachs has launched the 10,000 Small Businesses Fellows program during National Small Business Week. This initiative provides paid internships for historically underrepresented community college students in pilot markets including New York City, Dallas, Cleveland, and Baltimore. The program aims to bridge the skills gap for small businesses, creating over 250 internship opportunities funded by the Goldman Sachs Foundation. This effort reflects a commitment to workforce development amid the ongoing challenges faced by small businesses.

On May 17, 2021, WSIP Bidco announced a cash offer for Adapteo shareholders, culminating in an unconditional acceptance by approximately 94.18% of shares as of August 18, 2021. Following an extended acceptance period, WSIP Bidco holds 97.11% of Adapteo shares. A compulsory acquisition for the remaining shares has begun under Finnish law, while Adapteo has applied for delisting from Nasdaq Stockholm, effective September 10, 2021. Shareholder settlement for additional shares is expected around September 15, 2021. The offer excludes specific countries due to legal restrictions.

Perrigo Company has announced a binding offer to acquire Héra SAS for €1.8 billion (approximately $2.1 billion) in cash. This acquisition aims to enhance Perrigo's position as a global leader in consumer self-care, expanding its portfolio with HRA's leading OTC brands including Compeed®, ellaOne®, and Mederma®. The deal is expected to generate substantial value, achieving mid-teen net sales growth and significant operational synergies, projected to save over €30 million annually by 2023. The transaction is set to close by the end of H1 2022, subject to regulatory approvals.

DealerPolicy announced a $110 million Series C investment led by Goldman Sachs Asset Management, with support from existing investors. This funding aims to enhance DealerPolicy's finance and insurance offerings for automotive dealers and consumers, further integrating these services into the car-buying experience. The company plans to triple its product and engineering teams within the next year and expand strategic partnerships. On average, DealerPolicy saves consumers $64 per month on insurance, while partnering dealerships see a 44% increase in F&I gross margins.

Goldman Sachs Asset Management and Charlesbank Capital Partners have entered into a definitive agreement to acquire majority ownership of MDVIP from Leonard Green & Partners and Summit Partners. Founded in 2000, MDVIP is a leader in membership-based healthcare with over 1,100 physicians serving 357,000 patients. The acquisition aims to enhance MDVIP's growth strategy, expanding services such as a Women’s Health Program and partnerships with hospital systems. This investment underscores MDVIP's strong business model and adaptiveness in the evolving healthcare landscape. The transaction is expected to close in Q4 2021.

The Jordan Company, Goldman Sachs Asset Management, and Stonepeak Partners have announced the sale of their interests in Vertical Bridge Holdings after a successful seven-year investment. While financial details remain undisclosed, Vertical Bridge stands as the largest private owner of wireless communications infrastructure in the U.S., boasting over 308,000 sites. The transaction, anticipated to close in Q4 2021, highlights Vertical Bridge's significant growth and strategic development under the guidance of its management team.