Goldman Sachs (NYSE:GS) acquired AEGIS Hedging through it Goldman Sachs Alternative arm.
AEGIS Hedging Solutions is a commodity market intelligence provider that reportedly works with more than 700 commodity producers and financial counterparties. The company helps market participants grow through market expertise, including the use of artificial intelligence (AI). Companies can make better and faster decisions by better managing commodity risk.
The deal was facilitated by Fintech-focused investment bank FT Partners.
Goldman Sachs Alternatives Partner Anthony Arnold He said AEGIS has built an outstanding business with differentiated technology.
“They have demonstrated a track record of generating meaningful value and savings for their clients through both advisory and revenue cycle solutions, and their swap execution capabilities continue the broader trend of modernization and electronicization of capital markets. We look forward to supporting (CEO) Bryan (Sansbury) and the AEGIS team as they continue to execute on the company’s long-term vision.”
Terms of the deal were not immediately available.
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