These guys outdid themselves this year.
Like Meryl Streep at the Oscars, Goldman Sachs isn’t lacking acclaim for its merger and acquisition advisory business. It’s finished first in deal volume for five consecutive years and in nine of the last 10.
Bloomberg News reports that even so, Goldman Sachs outdid itself this year. No top firm has had a larger market-share spread over its nearest competitor since 1998.
The firm advised on more than 35% of all deals this year by dollar volume, as of December 15, surpassing second-place Morgan Stanley by about 10%, according to data compiled by Bloomberg. That’s the largest market share lead between the No. 1 and No. 2 financial adviser since Goldman Sachs trumped what’s now called JPMorgan by 14% 16 years ago.
In the busiest year for dealmaking since 2007, Goldman Sachs, led global M&A co-heads Gregg Lemkau and Gene Sykes, solidified its hold by winning assignments on many of the biggest acquisitions, including the second- and third-largest.
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