Deals
Goldman Sachs's India CEO Expects Merger Rush to Extend in 2019
- Firm advised on two of three biggest deals in record year
- Veteran Indian dealmaker moonlights as a rock band drummer
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In a record year for India deals, the rock n’ roll loving leader of Goldman Sachs Group Inc.’s local unit helped broker some of the biggest transactions as Walmart Inc., ArcelorMittal and Berkshire Hathaway Inc. joined a buying spree in the country. Next year will be at least as busy, he says.
Goldman advised on two of the three biggest acquisitions involving Indian companies in 2018, when $128 billion of transactions were announced. That put the U.S. investment bank at No. 2 among advisers, according to data compiled by Bloomberg. Chairman and Co-chief Executive Sonjoy Chatterjee predicts that deals in technology-driven consumer and financial services will keep the momentum going in the year ahead.