Goldman Bets 2026 Will Be a Bumper Year for M&A
Tim Ingrassia predicts deal flow could rise to a record after a multi-year drought
Tim Ingrassia, Goldman Sachs’s co-chairman of global mergers and acquisitions, predicts deal flow will rise to a record in 2026.
Photographer: Andrew Harrer
Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at a bold M&A forecast from Goldman and a bumper leveraged buyout pulled off by one of private equity’s lesser-known players. Plus, Apollo is making further inroads into sports financing — Silas Brown.
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A pickup in M&A has fueled hopes that the years-long dry spell in dealmaking is finally over. Tim Ingrassia, Goldman Sachs’ co-chairman of global mergers and acquisitions, is even more optimistic: He thinks 2026 could turn out to be a record year for deal flow.
Speaking at the bank’s 15th Annual EMEA Credit and Leveraged Finance Conference in London, Ingrassia predicted deal flow rising up to $3.9 trillion in 2026. That would surpass the record $3.6 trillion recorded in 2021, he said, citing research firm Dealogic. The data excludes deals by special purpose acquisition companies.