Goldman Sachs PE unit buys Slickdeals

Goldman Sachs Group’s private equity arm and Hearst have acquired online coupon and deal-sharing company Slickdeals from Warburg Pincus, according to a statement. 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. A spokeswoman for Warburg Pincus declined to comment on the deal valuation or the return on investment.