Goldman Sachs Merchant Banking Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Goldman Sachs Merchant Banking has acquired 18 companies. It has also invested in 6 others.

Goldman Sachs Merchant Banking’s most common sectors for investment are software (9%) and business services (8%). The Firm’s most common investment types include secondary buyout (35%) and buyout (lbo, mbo, mbi) (19%). In total, Goldman Sachs Merchant Banking has invested in 30 US states and 23 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Energy Future Holdings for $44.4B.

In the last 3 years, Goldman Sachs Merchant Banking has exited 21 companies. The Firm’s most common exit type is trade sale (31%). Goldman Sachs Merchant Banking’s largest (disclosed) exit occurred in 2008 when it sold Alltel for $28.1B.

Join Mergr to view Goldman Sachs Merchant Banking’s full profile and discover more mega-sized private equity firms just like it.

M&A Summary

  • M&A Total Activity267
    • M&A Buy Activity169
    • M&A Sell Activity98
  • Total Sectors Invested 49
  • Total Countries Invested 23
  • M&A Buy/Sell Connections 155
  • M&A Advisors 35

Goldman Sachs Merchant Banking

85 Broad Street,
New York, New York 10004
United States
(212) 902-1000
www.goldmansachs.com/pia
peg@gs.com

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, Digital Media, Distribution, E-Commerce, Electronics, Energy Services and Equipment, Financial Services, Food, Healthcare Services, Information Technology, Infrastructure, Manufacturing, Media, Oil/Gas Exploration, Packaging, Plastics, Real Estate, Renewable Energy, Retail, Safety/Security, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, PIPE

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific, Australia/New Zealand, Central Asia/India, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 20 800
Enterprise Value - 10,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (6.8/yr) # 135 10 10 4 8 2 169
vol $174.5B $1.0B $859M $176.3B
Sell (5.8/yr) # 69 8 6 4 2 9 98
vol $75.3B $5.8B $2.9B $6.6B $90.5B
  267

Most Recent M&A

Company Date Value Type
Kaltura, Inc. 2021-07-21 - IPO
New York, New York · www.corp.kaltura.com
Suja Life LLC 2021-07-13 - Secondary Buyout
Oceanside, California · www.sujajuice.com
DNA Diagnostics Center, Inc. 2021-06-28 - Add-on Acquisition
Fairfield, Ohio · www.dnacenter.com
Navico, Inc. 2021-06-24 1.1B USD Add-on Acquisition
Tulsa, Oklahoma · www.navico.com
20-20 Technologies, Inc. 2021-06-09 - Secondary Buyout
Laval, Quebec · www.2020technologies.com
Aragen Life Sciences Pvt. Ltd. 2021-05-19 - Secondary Buyout
Hyderabad, India · www.gvkbio.com
ProQuest LLC 2021-05-17 5.3B USD Add-on Acquisition
Ann Arbor, Michigan · www.proquest.com
xMatters, Inc. 2021-04-06 240M USD Add-on Acquisition
San Ramon, California · www.xmatters.com
Trackunit ApS 2021-03-24 - Secondary Buyout
Aalborg, Denmark · www.trackunit.com
Oikos Group 2021-03-09 - Secondary Buyout
Protaras, Cyprus · www.oikos-cy.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Aston Lark Ltd. 2019-05-17 Haven Knox-Johnston 2020-11-10 9
London, United Kingdom · www.astonlark.com London, United Kingdom
Aptos LLC 2020-01-13 Revionics, Inc. 2020-09-09 2
Atlanta, Georgia · www.aptos.com Austin, Texas · www.revionics.com
Standard Aero Holdings, Inc. 2018-12-18 Turbine Repair Services Global Ireland Limited 2020-01-20 1
Winnipeg, Ontario · www.standardaero.com Cork, Ireland
Brown Jordan International, Inc. 2016-12-19 Pride Family Brands, Inc. 2019-06-05 2
St. Augustine, Florida · www.bji.com Hollywood, Florida · www.pridefamilybrands.com
Boyd Corp. 2018-07-11 Henkel Corp. - Airflow Systems Business 2019-01-10 5
Modesto, California · www.boydcorp.com Rocky Hill, Connecticut
Sterling Infosystems, Inc. (Sterling Talent Solutions) 2015-06-23 SureID - Commercial Segment Business 2017-10-19 5
New York, New York · www.sterlingbackcheck.com Hillsboro, Oregon
Continental Bakeries B.V. 2016-04-29 DelicPol Sp. z o.o. 2017-07-01 1
Dordrecht, Netherlands · www.continentalbakeries.com ul. Grunwaldzka 8, Poland · www.delicpol.pl
Tikona Digital Networks Pvt. Ltd. 2010-02-11 Tikona Digital Networks Pvt. Ltd. - 4G Business 2017-03-24 1
Mumbai, India · www.tikona.in , India
Associated Asphalt, Inc. 2012-03-09 Axeon Marketing LLC 2017-02-09 2
Roanoke, Virginia · www.associatedasphalt.com San Antonio, Texas
Flint Group Germany GmbH 2014-04-11 Flint Group - European Publication Gravure Ink Business 2016-08-05 1
Ahaus-Ottenstein, Germany · www.flintgrp.com Ahaus-Ottenstein, Germany

M&A by Sector

Sector Current # Value All-time # Value
Software 6 (9%) - 15 (9%) 11.4B (6%)
Business Services 7 (10%) 5.0B (29%) 13 (8%) 13.3B (8%)
Information Technology 6 (9%) - 12 (7%) 800M (< 1%)
Internet Software and Services 6 (9%) - 11 (7%) 975M (1%)
Communications 1 (1%) - 8 (5%) 27.5B (16%)
Financial Services 2 (3%) - 7 (4%) -
Media - - 6 (4%) 4.1B (2%)
Healthcare Services 3 (4%) - 6 (4%) -
Retail 1 (1%) 5.5B (32%) 5 (3%) 13.6B (8%)
Insurance 2 (3%) 1.6B (9%) 5 (3%) 3.3B (2%)
Technology Hardware 1 (1%) 828M (5%) 4 (2%) 2.8B (2%)
Food 1 (1%) - 4 (2%) 1.7B (1%)
Consumer Products - - 4 (2%) 1.5B (1%)
Life Science 3 (4%) - 4 (2%) 110M (< 1%)
Medical Products 1 (1%) 25M (< 1%) 3 (2%) 11.4B (6%)
Distribution - - 3 (2%) 5.6B (3%)
Environmental 2 (3%) - 3 (2%) 3.5B (2%)
Restaurants 1 (1%) - 3 (2%) 2.3B (1%)
Metals/Mining - - 3 (2%) 525M (< 1%)
Transportation 1 (1%) - 3 (2%) 40M (< 1%)
Automotive - - 3 (2%) -
Consumer Services 2 (3%) - 3 (2%) -
Real Estate 3 (4%) - 3 (2%) -
Staffing 2 (3%) - 3 (2%) -
Education - - 2 (1%) 4.7B (3%)
Machinery 1 (1%) 576M (3%) 2 (1%) 4.6B (3%)
Manufacturing 2 (3%) 2.5B (14%) 2 (1%) 2.5B (1%)
Building Materials 1 (1%) - 2 (1%) 1.8B (1%)
Plastics 1 (1%) - 2 (1%) 838M (< 1%)
Safety/Security - - 2 (1%) 640M (< 1%)
Information Services - - 2 (1%) 222M (< 1%)
Digital Media 2 (3%) 200M (1%) 2 (1%) 200M (< 1%)
Aerospace 1 (1%) - 2 (1%) -
Oil/Gas Exploration - - 2 (1%) -
Utilities - - 1 (1%) 44.4B (25%)
Electrical Equipment - - 1 (1%) 5.7B (3%)
Chemicals - - 1 (1%) 4.2B (2%)
Test/Measurement Equipment - - 1 (1%) 1.1B (1%)
E-Commerce 1 (1%) 500M (3%) 1 (1%) 500M (< 1%)
Infrastructure 1 (1%) 425M (2%) 1 (1%) 425M (< 1%)
Construction 1 (1%) 66M (< 1%) 1 (1%) 66M (< 1%)
Agriculture 1 (1%) - 1 (1%) -
Beverages - - 1 (1%) -
Electronics - - 1 (1%) -
Furniture 1 (1%) - 1 (1%) -
Leisure 1 (1%) - 1 (1%) -
Marketing 1 (1%) - 1 (1%) -
Packaging - - 1 (1%) -
Renewable Energy 1 (1%) - 1 (1%) -
Total 67 $17.2B 169 $176.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 42 (63%) 7.7B (45%) 116 (69%) 137.0B (80%)
  New York 5 (7%) - 15 (9%) 2.5B (1%)
  California 6 (9%) - 13 (8%) -
  Illinois 3 (4%) - 9 (5%) 4.2B (2%)
  Massachusetts 5 (7%) - 8 (5%) 2.5B (1%)
  Texas 2 (3%) 1.6B (9%) 7 (4%) 46.0B (27%)
  Michigan 1 (1%) - 6 (4%) 612M (< 1%)
  Pennsylvania - - 6 (4%) 23.1B (13%)
  Virginia 5 (7%) 66M (< 1%) 5 (3%) 66M (< 1%)
  Georgia 3 (4%) - 5 (3%) 640M (< 1%)
  Ohio - - 5 (3%) 110M (< 1%)
  Florida 1 (1%) - 4 (2%) 2.3B (1%)
  Colorado 1 (1%) 25M (< 1%) 4 (2%) 25M (< 1%)
  Washington 2 (3%) 500M (3%) 3 (2%) 500M (< 1%)
  Connecticut 2 (3%) - 3 (2%) 279M (< 1%)
  Arizona - - 3 (2%) -
  Arkansas 1 (1%) - 2 (1%) 27.5B (16%)
  Minnesota 1 (1%) - 2 (1%) 1.7B (1%)
  Maryland 1 (1%) - 2 (1%) -
  Indiana - - 2 (1%) 12.2B (7%)
  New Jersey - - 2 (1%) 20M (< 1%)
  Nebraska 1 (1%) 5.5B (32%) 1 (1%) 5.5B (3%)
  North Carolina 1 (1%) - 1 (1%) -
  Nevada 1 (1%) - 1 (1%) -
  Tennessee - - 1 (1%) 7.3B (4%)
  Vermont - - 1 (1%) -
  South Carolina - - 1 (1%) -
  Oklahoma - - 1 (1%) -
  Missouri - - 1 (1%) -
  Idaho - - 1 (1%) -
  Alabama - - 1 (1%) -
Germany 2 (3%) 2.5B (14%) 8 (5%) 9.1B (5%)
United Kingdom 3 (4%) 828M (5%) 7 (4%) 4.5B (3%)
France 3 (4%) 200M (1%) 6 (4%) 6.6B (4%)
Canada 3 (4%) 859M (5%) 5 (3%) 4.4B (3%)
  Ontario 2 (3%) - 2 (1%) -
  Manitoba 1 (1%) 859M (5%) 1 (1%) 859M (< 1%)
  Alberta - - 1 (1%) 3.5B (2%)
  Quebec - - 1 (1%) -
India 3 (4%) - 5 (3%) 40M (< 1%)
Netherlands 2 (3%) 4.2B (24%) 3 (2%) 4.2B (2%)
Denmark 1 (1%) - 3 (2%) -
Belgium - - 2 (1%) 1.4B (1%)
Italy 1 (1%) 576M (3%) 1 (1%) 576M (< 1%)
Singapore 1 (1%) 425M (2%) 1 (1%) 425M (< 1%)
China 1 (1%) - 1 (1%) -
Argentina 1 (1%) - 1 (1%) -
Cyprus 1 (1%) - 1 (1%) -
Czech Republic 1 (1%) - 1 (1%) -
Hong Kong 1 (1%) - 1 (1%) -
Switzerland 1 (1%) - 1 (1%) -
Ireland - - 1 (1%) 2.0B (1%)
Sweden - - 1 (1%) 1.4B (1%)
Norway - - 1 (1%) 701M (< 1%)
Bermuda - - 1 (1%) -
Japan - - 1 (1%) -
South Korea - - 1 (1%) -
Domestic 42 (63%) 7.7B (45%) 116 (69%) 137.0B (80%)
Cross-border 25 (37%) 9.5B (55%) 53 (31%) 35.1B (20%)
Total 67 $17.2B 169 $172.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 26 (39%) 3.1B (18%) 59 (35%) 15.5B (10%)
Buyout (LBO, MBO, MBI) 8 (12%) 200M (1%) 32 (19%) 11.9B (7%)
Growth Capital 14 (21%) - 24 (14%) -
Going Private 4 (6%) 3.8B (22%) 14 (8%) 112.9B (69%)
Divestiture 2 (3%) 4.2B (24%) 12 (7%) 17.3B (11%)
Stake Purchase 3 (4%) 425M (2%) 11 (7%) 425M (< 1%)
Venture 7 (10%) 25M (< 1%) 11 (7%) 25M (< 1%)
Recapitalization 2 (3%) 66M (< 1%) 4 (2%) 66M (< 1%)
Add-on Acquisition 1 (1%) 5.5B (32%) 1 (1%) 5.5B (3%)
PIPE - - 1 (1%) -
Total 67 $17.2B 169 $163.6B

Exits by Deal Type

Type Total # Value
Secondary Sale 30 (31%) 16.5B (18%)
IPO 26 (27%) -
Trade Sale - Public Company 21 (21%) 68.6B (76%)
Trade Sale 11 (11%) 4.6B (5%)
Bankruptcy 3 (3%) -
Sold to Management 3 (3%) -
Recapitalization 2 (2%) -
Merger 1 (1%) 880M (1%)
Unknown 1 (1%) -
Total 98 $90.5B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
23
J.P. Morgan Securities LLC
3
Morgan Stanley
2
Legal Deals
Weil Gotshal & Manges LLP
6
Davis Polk & Wardwell LLP
5
Fried Frank Harris Shriver & Jacobson LLP
5

Deal Values

buy # Total
> $1B 26 $166.7B
$100M to $1B 19 $9.4B
< $100M 5 $168M
TOTAL $176.3B
Largest Energy Future Holdings Corp.
$44.4B (2007-10-10)
sell # Total
> $1B 19 $87.3B
$100M to $1B 6 $3.1B
< $100M 3 $136M
TOTAL $90.5B
Largest Alltel Corp.
$28.1B (2008-06-04)

M&A Connections

Deals
Acquired from
Investor(s)
35%
59 (35%)
Strategic(s)
8%
13 (8%)
Exited to
Investor(s)
32%
31 (32%)
Strategic(s)
33%
32 (33%)

 Subscribe to unlock this and 167,184
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.2K Private Equity Firms
  • 156K M&A Transactions
  • 163K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.3K M&A Advisors
    (Investment Banks and Law Firms)
  • 55K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.