Goldman Sachs has racked up advisory mandates on $1 trillion of deals globally this year, a landmark neither it nor any other bank has passed since 2007.
It passed the milestone this week after advising on drug giant Merck & Co.’s $9.5 billion deal for Cubist Pharmaceuticals Inc. and alternative investor Blackstone’s sale of California office buildings for $3.5 billion, according to data from Dealogic.
The U.S. bank is top for deals this year according to MoneyBeat’s new investment banking scorecard, having notched $1.9 billion in revenues from M&A alone.
According to Dealogic, it’s now standing on $1.003 trillion in deals.
Goldman’s also picked up the mandate to advise on BG Group PLC’s sale of a gas pipeline in Australia for $5 billion to APA Group.
Stand-out deals for the bank this year include Time Warner Inc.’s proposed tie-up with Comcast Corp., valued at $67.1 billion and the planned deal between DirecTV and AT&T Inc, valued at $65.7 billion.
