NEW YORK, Dec 10(Reuters) -
Goldman Sachs ( GS ) expects "strategic" deals by companies
to accelerate in 2025 including large-scale mergers and
acquisitions, its finance chief said on Tuesday.
"The intensity of our client dialog is accelerating and there
are aspects of the overall strategic activity which are becoming
more pronounced," Chief Financial Officer Dennis Coleman said at
the Goldman Sachs Financial Services conference in New York.
"There is certainly elevated confidence with CEOs and
clients that there could be more by way of larger-scale
transactions, more strategic activity that could take place,"
Coleman said.
The Wall Street powerhouse has benefited from a rebound in
investment banking over the last year, cementing its top spot in
global rankings of mergers and acquisitions.
In one of the biggest deals of the year, Goldman advised
Cheez-It maker Kellanova ( K ), which agreed to be purchased by candy
giant Mars in August for nearly $36 billion.
Buyouts from private equity firms have been slow, but
Coleman said he expects activity to pick up next year.
There are also expectations that less regulatory burden
post elections could unlock more activity, he said.