Goldman Sachs to buy mortgage lender Genesis Capital

(Reuters) - Goldman Sachs Group Inc (GS.N) will buy mortgage lender, Genesis Capital LLC, for an undisclosed amount. Genesis is being acquired from fu

(Reuters) – Goldman Sachs Group Inc (GS.N) will buy mortgage lender, Genesis Capital LLC, for an undisclosed amount.

Genesis is being acquired from funds managed by Oaktree Capital Management LP, according to a statement from Genesis on Thursday. (reut.rs/2yi5Cyw)

Genesis was advised by Wells Fargo Securities.

Goldman Sachs was advised by Goldman Sachs & Co LLC and legal counsel was provided by Davis Polk & Wardwell and Mayer Brown LLP.

Reporting By Aparajita Saxena in Bengaluru

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