Goldman Sachs Says M&A Market Expansion Has Room to Continueby
The “robust” performance of the mergers-and-acquisitions market in 2015 will probably continue, Goldman Sachs Group Inc. said.
“Volumes as a percentage of market capitalization are still below prior-cycle peak levels,” Chief Executive Officer Lloyd Blankfein and President Gary Cohn said Friday in their annual letter to shareholders. “We see this as a sign that there is still some room to run for M&A activity, particularly when equity markets show signs of sustained stabilization.”
Blankfein and Cohn said they see consolidation opportunities in industries including industrials, energy, mining, food, media and telecommunications.