financetom
Business
financetom
/
Business
/
Goldman Sachs sees more larger-scale strategic deals in 2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Goldman Sachs sees more larger-scale strategic deals in 2025
Dec 10, 2024 8:42 AM

NEW YORK(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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved