Goldman Sachs expects ‘less robust’ dealmaking

Slower going: Traders at work in the New York Stock Exchange. Total value of mergers and acquisitions fell slightly to US$717.4bil during the third quarter. — AP

NEW YORK: Goldman Sachs expects dealmaking activity to stay subdued in the medium term as macroeconomic conditions weigh on private equity transactions, an executive says.

“For the medium term, the dealmaking environment will indeed be a little bit less robust,” Jim Esposito, co-head of Goldman’s global banking and markets division, said in an interview on Wednesday at the Reuters NEXT conference in New York.