Goldman cements early lead as M&A roars back
Mergers and acquisitions hit £350 billion pounds ($520.4 billion) in the first quarter but the champagne’s on ice…
Thomson Reuters data released on Friday showed announced M&A rose 18 percent worldwide compared to the first quarter of 2009. A positive signal after it hitting a five-year low last year but not enough to instill confidence.
Reuters: “Most people we speak to would say: we are past the worst, but the outlook is still very uncertain and for many this feels like it’s going to be a long, hard climb,” said Simon Dingemans, managing director, European M&A at Goldman Sachs
A climb that Goldman will want to continue leading having already advised on a total of 62 deals with a combined value of $147.7bn. Nearest rival was Credit Suisse with over 53 deals worth a total of $132.9bn.
