Earlier this month, Goldman, Sachs & Co. posted first quarter net revenues of $10.6 billion — the highest quarterly sales in four years while the company’s investment banking unit posted a robust 7 percent gain in net revenues to $1.9 billion.
So, it is no surprise that Goldman Sachs tops the list of the leading financial advisers in global mergers and acquisition deals in 2014 by Mergermarket. With deals valued at nearly $940 billion, Goldman Sachs beat out J.P. Morgan, which advised on deals valuing $697.9 billion, and Morgan Stanley, which advised on global deals totaling $693.8 billion.
In the retail and fashion apparel sector, Goldman Sachs is one of the biggest bankers on the block — and likely the most influential too. Anytime a company in the fashion apparel and retail world says it is “exploring potential strategic alternatives,” Goldman Sachs is the likely financial advisor.
Earlier this month, Belk Inc. said it hired the firm in its search for alternatives and a possible sale. Other notable companies and brands that have hired Goldman Sachs in the past year include Elizabeth Arden and Agent Provocateur.
Some notable mentions over the years include J.C. Penny & Co. and Target Corp. who both hired Goldman Sachs to help advise the retailers in scuffles with activist investor William Ackman back in 2010. Another notable mention of Goldman Sachs was in 2007 when Gap Inc. was said to exploring a possible sale and had hired the investment bank to explore options.