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Goldman Sachs acquiring People Corporation for $1 13B

Goldman Sachs acquiring People Corporation for $1 13B
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Goldman Sachs pays $1 1B to buy Winnipeg-based benefits administrator

Winnipeg-based People Corp. has been acquired for $1.13 billion possibly a North American record by the private equity division of Goldman Sachs. Winnipeg-based People Corp. has been acquired for $1.13 billion possibly a North American record by the private equity division of Goldman Sachs. What we are told is this is one of the highest prices, if not the highest price, ever paid for an insurance platform in North America, said People Corp. founder and CEO Laurie Goldberg. MIKE DEAL / WINNIPEG FREE PRESS Laurie Goldberg, founder and CEO of People Corp., said the purchase by Goldman Sachs provides the company the capital needed ‘to scale to the next level.’

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Winnipeg s People Corp sold for $1 13-billion to Goldman Sachs

Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Winnipeg-based group benefits provider People Corp. is selling itself to a division of Goldman Sachs for $1.13-billion in cash, extending an unusual run of billion-dollar sales for companies outside of Canada’s major tech hubs. Founded in 2007 by Laurie Goldberg, a former financial services executive, People Corp. designs and manages group benefits and group pension services for 1.6 million Canadians through partnerships with thousands of companies across the country.

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