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Goldman Sachs dominates league table

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By Eliot Hastie
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3 minute read

American bank Goldman Sachs has dominated the latest merges and acquisitions league table for the retail industry in the third quarter.

The league table of the top 10 financial advisers for the retail industry is compiled by data analytics company GlobalData.

Goldman Sachs beat out the rest of the advisers with more than double the amount of deals of the second ranked advisers Morgan Stanley.

Despite topping the retail league table, Goldman Sachs only came in third position in the global league of the top 20 mergers and acquisitions table.

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The bank in this quarter made six deals worth a total of $10.6 billion with the largest deal being Coca-Cola’s acquisition of Costa for $5.1 billion.

GlobalData financial deals analyst Prakhar Baghmar said the Coca-Cola deal involved several of the top 10 advisers.

“The Coca-Cola-Costa deal saw the involvement of all the top three players. Interestingly, Deutsche Bank made it to the fourth spot with just this transaction,” he said.

Coming in second was Morgan Stanley with $6.4 billion over three deals, $5.4 billion over four deals for Rothschild & Co and Deutsche Bank just behind with $5.1 billion in just one deal.

Despite the result for Goldman Sachs the third quarter saw the total value of deals for the retail industry decline by 33.67 per cent from the previous corresponding quarter.

Volumes increased by 27.5 per cent from 218 in the third quarter of 2017 to 278 in the latest quarter.