Goldman Sachs Investment Banking

With a broadening of sector contributions across industries, the reemergence of cross-border activity, record large-scale M&A, and an uptick in innovative deal structures, there is cautious optimism that the global M&A momentum built in 1H will continue. 👇 Read the full article for more insights: https://lnkd.in/e5t_CKYQ Sources: Dealogic, FactSet, Deal Point and Public Company Filings as of July 24, 2024.

On August 1, the U.S. Soccer Federation (USSF) sold $200M of fixed-rate bonds. ⚽ The financing closed on August 22, and bond proceeds will fund a portion of the construction costs of the new Arthur M. Blank U.S. Soccer National Training Center in Georgia, which will serve as the U.S. Soccer Federation's headquarters and home to all 27 national teams. As a nucleus for soccer in the U.S., the facility will span 200 acres with 14+ fields and courts, performance and wellness facilities, and meeting rooms. We are honored to have served as sole bookrunner to the USSF.

On August 13, Cinven announced it has agreed to sell JAGGAER to Vista Equity Partners. A global leader in integrated direct and indirect enterprise procurement and supplier collaboration, JAGGAER operates in a wide range of sectors including manufacturing, higher education and research institutions, the public sector, energy, services, and consumer and retail. We are honored to have served as financial advisor to JAGGAER.

On August 19, ZT Systems announced its $4.9B sale to AMD. ZT Systems' extensive expertise designing and optimizing cloud computing solutions will help cloud and enterprise customers significantly accelerate the deployment of AMD-powered AI infrastructure at scale. We are honored to have served as exclusive financial advisor to ZT Systems.

“Take-private deals have been historically difficult to get done,” says Christina Minnis, head of global credit finance and global acquisition finance. "Now, markets are more efficient and the activity around take-privates both in Europe and the US has really picked up." Despite a modest uptick in sponsor-related M&A on the half-year overall (+7% YoY), we’re still observing a persistent level of take-private transactions, with 1H 2024 having the second-highest number of announcements compared to any half year period historically. Read the article: https://lnkd.in/gcCSXAfs

Last month, we hosted our annual Corporate Director Symposium in California, bringing together a group of 150 directors across 280 public company boards who are navigating market volatility, tech disruptions, and significant geopolitical and macroeconomic headwinds. Over the course of two days, we discussed and debated how to tackle – and embrace – each hurdle and opportunity, as well as some practical tips on developing the most effective boards to do so. A big topic of focus? A busy election year around the world, with all eyes on the US election later this year. It's always an honor to bring together our dynamic board member community. Thank you to all of our speakers and attendees for another fantastic event.

Mission: to be the world's storytelling technology platform empowering creation by anyone, for everyone. ✍ On June 26, WEBTOON joined the public markets with its $344 million IPO. As a global storytelling platform, Webtoon is home to a vibrant community of creators and users who can discover, create, and share new content. Webtoon also received a $50 million concurrent private placement from U.Hub Inc, a subsidiary of NAVER Corp. We are honored to have served as lead left bookrunner.

The first half of 2024 saw a steady recovery in global M&A—$275B monthly average in 1H vs. $265B in FY 2023 and +19% number of transactions YoY. Themes driving activity? A broadening of sector contributions across industries, the reemergence of cross-border activity, elevated levels of large-scale M&A, and an uptick in innovative deal structures. Read our 2H M&A outlook to explore the key trends shaping the landscape: https://lnkd.in/eddM2bkS Source: Dealogic

Congratulations to our market-leading teams in investment banking for being recognized as the World's Best Bank for Advisory and North America’s Best Bank for Advisory by Euromoney. It’s an honor to be acknowledged for our relentless commitment to client service and pursuit of excellence. Grateful for our amazing teams around the globe and the fantastic clients we serve.  

"I don’t think it’s going to be a straight line of green shoots growing. But the underlying trend, the multi-period average as we look back over time – we’re going to see that it was steadily building," says Stephan Feldgoise, co-head of global M&A. Despite persistent headwinds, M&A volumes are showing signs of recovery and returning to more normalized levels. Regionally, continued deal count improvement in the Americas (+14%), paired with positive momentum in Europe (+22%), is collectively expected to drive a further uptick in 2H. 📈 Read about the key drivers fueling M&A momentum: https://lnkd.in/gcCSXAfs