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 7 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 (36%) and buyout (lbo, mbo, mbi) (20%). In total, Goldman Sachs Merchant Banking has invested in 29 US states and 21 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 18 companies. The Firm’s most common exit type is secondary buyout (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 Activity241
    • M&A Buy Activity157
    • M&A Sell Activity84
  • Total Sectors Invested 49
  • Total Countries Invested 21
  • M&A Buy/Sell Connections 142
  • M&A Advisors 30

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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (7.6/yr) # 119 13 9 9 4 3 157
vol $168.5B $6.1B $1.0B $175.5B
Sell (4.2/yr) # 63 3 8 6 3 1 84
vol $75.6B $13M $5.8B $2.9B $84.2B
  241

Most Recent M&A

Company Date Value Type
Synagro Technologies, Inc. 2020-09-23 - Secondary Buyout
Baltimore, Maryland · www.synagro.com
QMetry, Inc. 2020-08-27 - Venture
Santa Clara, California · www.qmetry.com
Infostretch Corp. 2020-08-18 - Stake Purchase
Santa Clara, California · www.infostretch.com
Safe-Guard Products International LLC 2020-01-27 - Secondary Buyout
Atlanta, Georgia · www.safe-guardproducts.com
Marathon Health LLC 2019-10-08 - Secondary Buyout
Winooski, Vermont · www1.marathon-health.com
Credible Behavioral Health, Inc. 2019-09-05 - Recapitalization
Rockville, Maryland · www.credibleinc.com
Sprint Industrial Holdings LLC 2019-07-01 - Add-on Acquisition
Houston, Texas · www.sprintsafetyonline.com
Capital Vision Services LP 2019-06-03 - Secondary Buyout
Vienna, Virginia · www.capitalvisionservices.com
Groupe B&B Hotels Sas 2019-05-20 - Secondary Buyout
Cedex, France · www.hotel-bb.com
Aston Lark Ltd. 2019-05-17 - Secondary Buyout
London, United Kingdom · www.astonlark.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Aston Lark Ltd. 2019-05-17 Incepta Risk Management Ltd. 2020-08-10 3
London, United Kingdom · www.astonlark.com London, United Kingdom · www.inceptagroup.com
Aston Lark Ltd. 2019-05-17 PHM Group Ltd. 2020-08-10 2
London, United Kingdom · www.astonlark.com London , United Kingdom · www.phm.co.uk
Restaurant Technologies, Inc. 2018-08-21 Grease Lock 2019-10-31 1
Mendota Heights, Minnesota · www.rti-inc.com Mendota Heights, Minnesota · www.greaselock.com
Aston Lark Ltd. 2019-05-17 Protean Risk 2019-10-28 1
London, United Kingdom · www.astonlark.com London, United Kingdom · www.proteanrisk.com
Boyd Corp. 2018-07-11 Lytron, Inc. 2019-07-24 3
Modesto, California · www.boydcorp.com Woburn, Massachusetts · www.lytron.com
Smart Communications 2016-09-12 Intelledox, Inc. 2019-07-18 1
Hertfordshire, United Kingdom · www.smart-communications.com McKinney, Texas · www.intelledox.com
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
Brown Jordan International, Inc. 2016-12-19 Castelle Furniture 2019-05-21 1
St. Augustine, Florida · www.bji.com Fort Lauderdale, Florida · www.castelleluxury.com
Splash Car Wash 2018-11-06 Wash Co. 2019-05-10 1
Greenwich, Connecticut · www.splashcarwashes.com Middletown, New York · www.washcocarwash.com
Boyd Corp. 2018-07-11 PiMEMS, Inc. 2019-04-04 2
Modesto, California · www.boydcorp.com Santa Barbara, California · www.pimems.com

M&A by Sector

Sector Current # Value All-time # Value
Software 8 (11%) - 14 (9%) 11.4B (6%)
Business Services 6 (9%) 4.2B (21%) 12 (8%) 12.5B (7%)
Information Technology 4 (6%) - 10 (6%) 1.8B (1%)
Communications 2 (3%) - 8 (5%) 27.5B (16%)
Internet Software and Services 5 (7%) 50M (< 1%) 8 (5%) 50M (< 1%)
Financial Services 3 (4%) - 8 (5%) -
Media - - 6 (4%) 4.1B (2%)
Healthcare Services 3 (4%) - 6 (4%) -
Retail 1 (1%) 5.5B (27%) 5 (3%) 13.6B (8%)
Insurance 2 (3%) 1.6B (8%) 5 (3%) 3.3B (2%)
Technology Hardware 2 (3%) 828M (4%) 4 (3%) 2.8B (2%)
Food 2 (3%) - 4 (3%) 1.7B (1%)
Medical Products 1 (1%) 25M (< 1%) 3 (2%) 11.4B (7%)
Distribution - - 3 (2%) 5.6B (3%)
Consumer Products - - 3 (2%) 1.5B (1%)
Metals/Mining - - 3 (2%) 525M (< 1%)
Life Science 3 (4%) 110M (1%) 3 (2%) 110M (< 1%)
Transportation 2 (3%) 40M (< 1%) 3 (2%) 40M (< 1%)
Automotive - - 3 (2%) -
Consumer Services 2 (3%) - 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 (12%) 2 (1%) 2.5B (1%)
Restaurants - - 2 (1%) 2.3B (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 1 (1%) 222M (1%) 2 (1%) 222M (< 1%)
Digital Media 2 (3%) 200M (1%) 2 (1%) 200M (< 1%)
Aerospace 1 (1%) - 2 (1%) -
Environmental 2 (3%) - 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%)
Energy Services and Equipment 1 (1%) 3.5B (17%) 1 (1%) 3.5B (2%)
Test/Measurement Equipment - - 1 (1%) 1.1B (1%)
E-Commerce 1 (1%) 500M (2%) 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%) -
Furniture 1 (1%) - 1 (1%) -
Leisure 1 (1%) - 1 (1%) -
Marine 1 (1%) - 1 (1%) -
Marketing 1 (1%) - 1 (1%) -
Packaging - - 1 (1%) -
Real Estate 1 (1%) - 1 (1%) -
Renewable Energy 1 (1%) - 1 (1%) -
Total 70 $20.3B 157 $175.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 42 (60%) 8.1B (40%) 107 (68%) 137.1B (80%)
  New York 8 (11%) 50M (< 1%) 15 (10%) 2.6B (1%)
  California 6 (9%) - 11 (7%) -
  Illinois 3 (4%) - 9 (6%) 4.2B (2%)
  Texas 2 (3%) 1.6B (8%) 7 (4%) 46.0B (27%)
  Michigan 2 (3%) 222M (1%) 6 (4%) 612M (< 1%)
  Pennsylvania - - 6 (4%) 23.1B (13%)
  Virginia 5 (7%) 66M (< 1%) 5 (3%) 66M (< 1%)
  Massachusetts 2 (3%) - 5 (3%) 2.5B (1%)
  Ohio 1 (1%) 110M (1%) 5 (3%) 110M (< 1%)
  Florida 1 (1%) - 4 (3%) 2.3B (1%)
  Colorado 1 (1%) 25M (< 1%) 4 (3%) 25M (< 1%)
  Connecticut 2 (3%) - 3 (2%) 279M (< 1%)
  Georgia 1 (1%) - 3 (2%) 640M (< 1%)
  Arizona - - 3 (2%) -
  Arkansas 1 (1%) - 2 (1%) 27.5B (16%)
  Minnesota 1 (1%) - 2 (1%) 1.7B (1%)
  Washington 1 (1%) 500M (2%) 2 (1%) 500M (< 1%)
  Maryland 1 (1%) - 2 (1%) -
  Indiana - - 2 (1%) 12.2B (7%)
  New Jersey - - 2 (1%) 20M (< 1%)
  Nebraska 1 (1%) 5.5B (27%) 1 (1%) 5.5B (3%)
  North Carolina 1 (1%) - 1 (1%) -
  Nevada 1 (1%) - 1 (1%) -
  Idaho 1 (1%) - 1 (1%) -
  Tennessee - - 1 (1%) 7.3B (4%)
  Vermont - - 1 (1%) -
  South Carolina - - 1 (1%) -
  Missouri - - 1 (1%) -
  Alabama - - 1 (1%) -
Germany 2 (3%) 2.5B (12%) 8 (5%) 9.1B (5%)
France 4 (6%) 200M (1%) 7 (4%) 6.6B (4%)
United Kingdom 3 (4%) 828M (4%) 7 (4%) 4.5B (3%)
India 5 (7%) 40M (< 1%) 5 (3%) 40M (< 1%)
Canada 4 (6%) 3.5B (17%) 4 (3%) 3.5B (2%)
  Ontario 2 (3%) - 2 (1%) -
  Alberta 1 (1%) 3.5B (17%) 1 (1%) 3.5B (2%)
  Quebec 1 (1%) - 1 (1%) -
Netherlands 2 (3%) 4.2B (21%) 3 (2%) 4.2B (2%)
Denmark 2 (3%) - 3 (2%) -
Italy 1 (1%) 576M (3%) 1 (1%) 576M (< 1%)
Singapore 1 (1%) 425M (2%) 1 (1%) 425M (< 1%)
China 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%)
Belgium - - 1 (1%) 1.4B (1%)
Sweden - - 1 (1%) 1.4B (1%)
Norway - - 1 (1%) 701M (< 1%)
Bermuda - - 1 (1%) -
Japan - - 1 (1%) -
South Korea - - 1 (1%) -
Domestic 42 (60%) 8.1B (40%) 107 (68%) 137.1B (80%)
Cross-border 28 (40%) 12.2B (60%) 50 (32%) 34.3B (20%)
Total 70 $20.3B 157 $171.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 28 (40%) 3.2B (16%) 56 (36%) 15.5B (10%)
Buyout (LBO, MBO, MBI) 12 (17%) 462M (2%) 31 (20%) 11.9B (7%)
Growth Capital 12 (17%) 50M (< 1%) 19 (12%) 50M (< 1%)
Going Private 4 (6%) 6.4B (32%) 13 (8%) 112.0B (69%)
Divestiture 2 (3%) 4.2B (21%) 12 (8%) 17.3B (11%)
Stake Purchase 3 (4%) 425M (2%) 10 (6%) 425M (< 1%)
Venture 6 (9%) 25M (< 1%) 10 (6%) 25M (< 1%)
Recapitalization 2 (3%) 66M (< 1%) 4 (3%) 66M (< 1%)
Add-on Acquisition 1 (1%) 5.5B (27%) 1 (1%) 5.5B (3%)
PIPE - - 1 (1%) -
Total 70 $20.3B 157 $162.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 26 (31%) 16.7B (20%)
IPO 23 (27%) -
Trade Sale - Public Company 18 (21%) 63.0B (75%)
Trade Sale 8 (10%) 3.6B (4%)
Bankruptcy 3 (4%) -
Sold to Management 3 (4%) -
Recapitalization 2 (2%) -
Merger 1 (1%) 880M (1%)
Total 84 $84.2B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
21
J.P. Morgan Securities LLC
3
Citigroup Investment Banking
2
Legal Deals
Davis Polk & Wardwell LLP
5
Fried Frank Harris Shriver & Jacobson LLP
5
Weil Gotshal & Manges LLP
5

Deal Values

buy # Total
> $1B 26 $166.7B
$100M to $1B 18 $8.6B
< $100M 6 $218M
TOTAL $175.5B
Largest Energy Future Holdings Corp.
$44.4B (2007-10-10)
sell # Total
> $1B 17 $81.0B
$100M to $1B 6 $3.1B
< $100M 3 $136M
TOTAL $84.2B
Largest Alltel Corp.
$28.1B (2008-06-04)

M&A Connections

Deals %
Acquired from
PE Firm(s)
86%
71 86%
Strategic(s)
14%
12 14%
Exited to
PE Firm(s)
56%
33 56%
Strategic(s)
44%
26 44%

 Subscribe to unlock this and 156,588
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
  • 4.0K Private Equity Firms
  • 144K M&A Transactions
  • 153K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.1K M&A Advisors
    (Investment Banks and Law Firms)
  • 45K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.