Goldman Sachs Investment Banking

The prevailing market sentiment at the start of this year was one of optimism, with monetary and regulatory bottlenecks normalizing and greater macro clarity paving a clear path to strategic dealmaking. As corporates and sponsors work through and out of disruption, we expect key drivers including a focus on large-scale dealmaking, separations and streamlined business structures, and cross-border activity to propel dealmaking through year-end. Read our latest report, Global M&A: A Bold Path for Strategic Growth, to learn more on our outlook for global M&A activity through the second half of 2025: https://xmrrwallet.com/cmx.plnkd.in/edWmeFRJ

Over 150 directors. Two days. One dynamic event. Earlier this month, we hosted our annual Corporate Director Symposium in California, convening directors representing more than 300 public company boards who are navigating economic uncertainty and exploring how AI will transform their businesses. This year's event focused on ways to leverage science to influence behavior and improve communication, the current forces driving US policy, and how to power the future driven by AI technology, among others. When not in panels, attendees participated in breakout sessions to discuss how to tackle—and embrace—each hurdle and opportunity, as well as some practical tips for effective board leadership. Thank you to our dynamic corporate board community who joined us and to all of our speakers for another fantastic event.

Following a June survey of over 700 corporate and financial sponsors, 40% indicated strategic growth as the primary factory driving M&A decisions in 2H and 48% indicated that tariff policy will have no significant impact on their forward M&A strategy. Read more on M&A sentiment for 2H 2025 dealmaking in our latest report, Global M&A: A Bold Path for Strategic Growth. https://xmrrwallet.com/cmx.plnkd.in/edWmeFRJ

On July 28, Gridiron Capital LLC announced and completed their acquisition of Greenix—we are honored to serve as exclusive financial advisor to Gridiron as they invest in one of the largest independent pest control companies in the US. A confluence of factors—demographic tailwinds, rapid advancements in areas like technology and marketing, and a strong demand for "do-it-for-me" services—is driving an influx of capital into the broader consumer services sector, which comprises everything from residential services to auto services to multi-unit experiential services. Swipe ➡️ to see notable Goldman Sachs-led transactions over the last 12 months. We are honored to partner with leading companies, investors and operators in this space as the #1 global M&A Advisor. Source: Dealogic – January 1, 2024 through December 31, 2024. M&A refers to both announced and completed M&A.

After a decade of flat power demand growth, data center power usage is expected to increase +160% by 2030, driven by energy-intensive data centers. This creates opportunity for coordinated, multilayered solutions for a multi-decade challenge. The energy sources likely to power? A creative combination 👇 Read our latest report, Powering the AI Era, for more on the unique challenges of today's landscape which requires both creative financing solutions and new methods for sourcing power: https://xmrrwallet.com/cmx.plnkd.in/e_kUV9Fh

As companies transition from cost-cutting to long-term growth planning, the number of mega M&A deals ($10B+) sits at record highs on the heels of strengthening CEO confidence in operational investments and bold, strategic M&A—often tied to bolstering AI capabilities. Read our report, "Global M&A: A Bold Path for Strategic Growth," for more on what we expect to drive large-scale strategic dealmaking and overall M&A activity through the rest of 2025: https://xmrrwallet.com/cmx.plnkd.in/edWmeFRJ

“If you subscribe to the view that volatility and risk premium may rise as we roll forward into a new Fed era, then that probably means it’s a good time to continue financing in the capital markets” This week, Jonny Fine, global head of Investment Grade, joined CNBC’s Squawk on the Street to discuss the outlook for the capital markets, concerns about elevated term yields and the expectations for treasury market financing. He notes that "we're in the late innings of the initial round of policy implementation, and the path of least resistance is continued robust activity overall." Watch his full interview 📺 https://xmrrwallet.com/cmx.plnkd.in/eqZV3i73

It was a pleasure to join CNBC’s Squawk Box this week to discuss the current M&A landscape, Goldman Sachs’ position in the market and what drivers we expect will contribute to dealmaking activity throughout the rest of the year. Activity has been quite robust across all sectors and all geographies, particularly in the $1-$5 billion category, but in the second quarter of the year in particular, there has been increased volume in the $10 billion+ range. Watch my full interview with Squawk Box and read our team’s 2H 2025 M&A outlook for more on the key themes for the dealmaking landscape. 📺: https://xmrrwallet.com/cmx.plnkd.in/e3pJjACX 📰: https://xmrrwallet.com/cmx.plnkd.in/e2yPkbk3

We are honored to be named by Euromoney as the World's Best Investment Bank for M&A this year. 🏆 We are also thrilled to be named: Latin America’s Best Investment Bank for M&A North America’s Best Investment Bank for M&A Argentina’s Best Investment Bank Israel’s Best Investment Bank Thank you to all of our clients for your continued trust and partnership and congratulations to our teams around the world on this recognition.

We are pleased to share that Raghav Maliah has been appointed as Global Chairman of Investment Banking, in addition to his existing responsibilities in the Asia Pacific region. This appointment underscores our commitment to strengthening our global presence and leveraging the strong tailwinds in the Asia Pacific region. Congratulations, Raghav! https://xmrrwallet.com/cmx.plnkd.in/eWeyAPj7