FGI Worldwide, a provider of working capital financing and trade credit insurance, said on 12 May that it had been acquired by the private equity business within Goldman Sachs Alternatives.
Why Goldman Sachs Alternatives (private equity) is buying FGI Worldwide LLC
FGI said the deal lets it accelerate growth and broaden its financing, risk and insurtech offering. Goldman Sachs said FGI has built a differentiated offering supported by underwriting expertise and a technology-driven platform.
Deal terms and financing
Financial terms were not disclosed. Co-founder and president Sami Altaher succeeded co-founder David DiPiero as chief executive.
Market context
Headquartered in New York with offices in the US, Canada and the UK, FGI serves small and medium-sized enterprises through three units: FGI Finance, FGI Risk and FGI Tech.
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