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Goldman Sachs sees more larger-scale strategic deals in 2025
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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.

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