Goldman Sachs Lands Roles on $33.3 Billion of Deals as M&A Activity Stays Strong
Updated
Updated · CNBC · Jun 29
Goldman Sachs Lands Roles on $33.3 Billion of Deals as M&A Activity Stays Strong
1 articles · Updated · CNBC · Jun 29
Summary
$33.3 billion in announced transactions put Goldman Sachs at the center of three recent deals, led by Martin Marietta's $13.5 billion acquisition of Lhoist North America.
Goldman was the exclusive financial adviser on the Martin Marietta deal and also provided fully committed debt financing, underscoring the breadth of its investment-banking role.
The bank also advised Bio-Techne on its $11.3 billion sale to Merck KGaA and served as co-financial adviser to Arcosa on its $8.5 billion sale to CRH.
Those mandates helped offset recent concern over a possible delay to OpenAI's IPO and reinforced Goldman shares, which rose about 0.5% Monday.
Wells Fargo also picked up an advisory and financing role on Rocket Lab's purchase of Iridium's satellite operations, suggesting broader dealmaking remains active ahead of big-bank earnings in two weeks.