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Goldman Sachs PE Unit Buys Slickdeals From Warburg Pincus

  • Deal is said to value online coupon firm at $500 million plus
  • Warburg Pincus reaps 7.2 times return on the investment
Goldman Sachs Group Inc. headquarters stands in New York, U.S., on Thursday, April 12, 2018. 

Goldman Sachs Group Inc. headquarters stands in New York, U.S., on Thursday, April 12, 2018. 

Photographer: Christopher Lee/Bloomberg

Goldman Sachs Group Inc.’s private equity arm and Hearst Corp. have acquired online coupon and deal-sharing company Slickdeals from Warburg Pincus, according to a statement Thursday.

The deal valued the Las Vegas-based company at more than $500 million, according to people familiar with the matter. Warburg Pincus -- which invested in Slickdeals in 2012 -- will generate a return of 7.2 times on its investment from the sale, said the people, who asked to not be identified because the matter isn’t public.