Key Takeaways
- • Goldman Sachs' Private Equity business has acquired FGI Worldwide LLC, marking the investment bank's first institutional investment in the 25-year-old working capital financing and trade credit insurance provider.
- • FGI operates three specialized business units—FGI Finance (asset-based lending), FGI Risk (trade credit insurance), and FGI Tech (which runs TRUST, a web-based credit insurance management platform)—serving small and medium-sized enterprises across North America and the United Kingdom.
- • Sami Altaher, co-founder of FGI alongside David DiPiero and Joseph Albertelli, has been elevated to Chief Executive Officer, succeeding DiPiero in the role as the company enters its next growth phase under Goldman ownership.
- • Goldman Sachs' Private Equity division, established in 1986 and having invested over $75 billion since inception, views FGI's market-leading underwriting expertise and technology-driven platform as a differentiated offering in the working capital finance sector.
- • Financial terms of the transaction were not disclosed; FGI maintains headquarters in New York City with regional offices across the United States, Canada, and the United Kingdom.
Summary
Goldman Sachs' Private Equity business has completed its acquisition of FGI Worldwide LLC, a provider of working capital financing and trade credit insurance solutions. The transaction represents Goldman's first institutional investment in the firm, which has operated for 25 years and built a significant presence in the North American and UK markets. FGI specializes in asset-based lending and multi-jurisdictional working capital solutions designed for small and medium-sized enterprises, positioning it within a sector that has attracted heightened private capital interest in recent years.
The acquired firm operates through three distinct business units that address complementary aspects of the working capital ecosystem. FGI Finance provides asset-based lending solutions; FGI Risk handles trade credit insurance; and FGI Tech operates TRUST, a web-based platform for credit insurance management. This modular structure and technology infrastructure were cited by Goldman Sachs as key attractions, with Anthony Arnold, a partner in Goldman's Private Equity division, noting that FGI has "built a differentiated offering supported by market-leading underwriting expertise and a technology-driven operating platform."
Leadership continuity and operational evolution are priorities for the combined entity. Sami Altaher, who co-founded FGI with David DiPiero and Joseph Albertelli, has assumed the Chief Executive Officer role, succeeding DiPiero. Altaher stated in the announcement that he is "honored to take on the role of CEO as FGI enters its next phase of growth" under Goldman Sachs' ownership. The appointment signals both stability and a forward-looking expansion strategy for the platform.
Goldman Sachs' Private Equity division has been active in the alternative investment space since its 1986 establishment and has deployed over $75 billion in capital since inception. The firm operates broader alternatives investment platforms managing approximately $625 billion in assets. The FGI acquisition reflects strategic positioning in working capital finance, a sector experiencing increased institutional capital allocation as businesses seek specialized solutions for cash flow management and trade finance. Financial terms of the transaction were not disclosed.
The acquired firm operates through three distinct business units that address complementary aspects of the working capital ecosystem. FGI Finance provides asset-based lending solutions; FGI Risk handles trade credit insurance; and FGI Tech operates TRUST, a web-based platform for credit insurance management. This modular structure and technology infrastructure were cited by Goldman Sachs as key attractions, with Anthony Arnold, a partner in Goldman's Private Equity division, noting that FGI has "built a differentiated offering supported by market-leading underwriting expertise and a technology-driven operating platform."
Leadership continuity and operational evolution are priorities for the combined entity. Sami Altaher, who co-founded FGI with David DiPiero and Joseph Albertelli, has assumed the Chief Executive Officer role, succeeding DiPiero. Altaher stated in the announcement that he is "honored to take on the role of CEO as FGI enters its next phase of growth" under Goldman Sachs' ownership. The appointment signals both stability and a forward-looking expansion strategy for the platform.
Goldman Sachs' Private Equity division has been active in the alternative investment space since its 1986 establishment and has deployed over $75 billion in capital since inception. The firm operates broader alternatives investment platforms managing approximately $625 billion in assets. The FGI acquisition reflects strategic positioning in working capital finance, a sector experiencing increased institutional capital allocation as businesses seek specialized solutions for cash flow management and trade finance. Financial terms of the transaction were not disclosed.
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