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Goldman Sachs to acquire LCN Capital Partners for up to $410 million
Goldman Sachs has agreed to acquire LCN Capital Partners, a commercial real estate investment manager, in a deal valued at up to $410 million. The transaction includes an upfront payment of approximately $260 million, with an additional $150 million contingent on LCN meeting specific long-term performance targets and service commitments. Roughly 80% of the total consideration will be paid in Goldman Sachs stock.
LCN Capital Partners, founded in 2011 by Edward V. LaPuma and Bryan York Colwell, manages approximately $3 billion in assets. The firm specializes in sale-leaseback and triple-net lease investments across North America and Europe. These structures allow companies to monetize real estate assets while maintaining operational control, providing investors with predictable, long-term rental income.
This acquisition is part of Goldman Sachs’ broader strategy to expand its asset and wealth management division, which manages roughly $4 trillion. It follows the bank's recent agreement to acquire ETF provider Neos Investments for up to $2.25 billion. Upon completion, LCN’s investment team will join Goldman Sachs Asset Management. The deal is expected to close by the end of 2026, subject to regulatory approval.
Entities
Bryan York Colwell · David Solomon · Edward LaPuma · Edward V. LaPuma · Goldman Sachs · LCN Capital Partners
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The deal includes an upfront payment of approximately $260 million and up to $150 million in additional payouts based on performance targets. www.businesstimes.com.sg · bitcoinethereumnews.com
- [● 3 SOURCES] Goldman Sachs will acquire LCN Capital Partners in a deal valued at up to $410 million. www.businesstimes.com.sg · bitcoinethereumnews.com · www.lesaffaires.com
- [○ 1 SOURCE] LCN Capital Partners manages approximately $3 billion in assets, specializing in sale-leaseback and triple-net lease investments. bitcoinethereumnews.com
- [● 2 SOURCES] The acquisition is expected to close by the end of 2026. www.businesstimes.com.sg · bitcoinethereumnews.com
- [● 2 SOURCES] This marks Goldman Sachs' second acquisition in less than 10 days, following the purchase of Neos Investments. www.businesstimes.com.sg · bitcoinethereumnews.com
- [● 2 SOURCES] Approximately 80% of the total consideration will be paid in Goldman Sachs stock. www.businesstimes.com.sg · bitcoinethereumnews.com