Thursday after the markets closed, education financier First Marblehead Corp. (FMD) announced that the second part of the investment by GS Capital Partners or GSCP, a private equity of Goldman Sachs Group Inc. (GS), was delayed due to pending regulatory approvals.
In December 2007, GSCP agreed to invest up to $260.5 million, of which $59.8 million was put in immediately in convertible securities at a conversion price of $11.24 a share. The remaining $200.7 million was to be used to buy additional convertible securities at a conversion price of $15.00 a share, and to be completed by the end of Marblehead's fiscal year ending June 30.
Marblehead's shares are however on a downtrend as it is hasn't been able to offer any asset-backed securities to investors. The company's stock closed on Thursday at $2.92, trading in a 52-week range of $2.88 - $42.50. Marblehead's stock value is much lesser than the $15.00 a share price that GSCP agreed to pay.
First Marblehead expects the investment to be completed in the first quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.