Goldman to Get $180 Million Payday With Toshiba Deal

Overtakes Nomura as Japan’s top equity-offering manager
Goldman is sole arranger of Toshiba’s private placement

The Toshiba Corp. logo is displayed outside an electronics store in Tokyo, Japan, on Monday, Jan. 23, 2017. Toshiba's shares climbed the most in three weeks on Monday after reports that the company’s plan to sell a stake in its chip unit is drawing attention from possible investors.Photographer: Kiyoshi Ota/Bloomberg

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By Takahiko Hyuga

November 22, 2017 at 6:21 AM UTC

Updated on

November 22, 2017 at 7:16 AM UTC

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Goldman Sachs Group Inc. is poised to receive 20 billion yen ($180 million) in fees for managing Toshiba Corp.’s emergency share sale, according to a person with knowledge of the matter.

The U.S. firm is arranging the 600 billion yen private placement of new shares for loss-making Toshiba, which faces a March deadline from Tokyo’s exchange to reverse its negative equity or be delisted. About 60 funds, including David Einhorn’s Greenlight Capital and Daniel Loeb’s Third Point, are planning to invest, Toshiba said in a statement on Sunday.