Updated
Updated · CNBC · Jun 29
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.

Insights

As Rocket Lab mimics SpaceX's strategy, can smaller space companies truly compete through vertical integration?
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