Goldman Sachs Alternatives Acquires FGI Worldwide

Keefe, Bruyette & Woods, a Stifel Financial Corp company, served as financial advisor to FGI, with Blank Rome LLP acting as legal counsel. On the other side, Houlihan Lokey advised Goldman Sachs Alternatives, and Sidley Austin LLP provided legal counsel.

The acquisition will help FGI Worldwide LLC grow faster and expand its financing, risk management, and Insurtech solutions for clients.

As part of the deal, FGI Worldwide LLC Co-Founder and President Sami Altaher will take over as Chief Executive Officer, replacing David DiPiero and leading the company’s next phase of growth.

Over the past 25 years, FGI Worldwide LLC has built a strong reputation in asset based lending and risk management. The company specializes in providing flexible, cross border working capital financing to help businesses grow and expand globally.

“We are grateful to our team, customers, partners, and investors who have made this milestone possible,” said Altaher. “I am incredibly proud of what we have built at FGI alongside my co founders, David DiPiero and Joseph Albertelli, and I am honored to take on the role of CEO as FGI enters its next phase of growth.

Looking ahead, we are focused on thoughtfully scaling the business by investing in our platform and expanding our product capabilities, while remaining committed to serving small and medium sized enterprises and the broader commercial finance industry. Goldman Sachs Alternatives shares our long term vision to strengthen FGI’s leadership, and deliver even greater solutions to our clients," Said Altaher."

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“We are thrilled to partner with Sami and the FGI team to help accelerate the Company’s growth,” said Anthony Arnold, Partner within Private Equity at Goldman Sachs. “FGI has built a differentiated offering supported by market-leading underwriting expertise and a technology-driven operating platform. As the Company’s first institutional investors, we look forward to bringing the full scope of Goldman Sachs’ resources to help FGI capitalize on the significant opportunities ahead.”

“We are impressed by the capabilities and operational sophistication FGI has built,” added Michael Coleman, Managing Director within Private Equity at Goldman Sachs. “FGI’s exceptional track record of innovation, growth, and credit performance positions it well for continued success. We believe Goldman Sachs will be a value-added partner as FGI continues to scale its platform and advance the industry.”

About FGI

Founded by Sami Altaher and Joseph Albertelli, FGI Worldwide LLC is a New York City-based global commercial finance company that supports small and medium-sized businesses with financing and risk solutions. Through its divisions—FGI Finance, FGI Risk, and FGI Tech—the company offers customized asset-based lending and credit insurance to help clients grow in domestic and international markets. Its technology platform, TRUST™, is a web-based system that automates real-time management of credit insurance policies.

About Private Equity at Goldman Sachs Alternatives

Founded in 1986, Goldman Sachs is a leading global investor in alternative assets with over $625 billion in assets and more than 30 years of experience. The firm invests across private equity, growth equity, private credit, real estate, infrastructure, sustainability and hedge funds, offering clients access through direct investments, tailored partnerships and open-architecture programs.

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