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Goldman Sachs Group Inc. (GS)

  • May 1, 2013, 9:49 AM
    Goldman Sachs (GS) apparently sees accounting issues at Ebix (EBIX +4.8%) a bit differently than Gotham City Research as an affiliate of the bank inks a deal to buy the company for $20/share in cash. (PR)
  • Mar. 8, 2013, 5:46 AM
    Chinese investors are in talks to acquire a 40% holding in the General Motors Building in Manhattan in a deal that would value the 50-story skyscraper at $3.4B, including debt, making it the most valuable tower in the U.S. The investors, who are led by the family of Soho China CEO Zhang Xin, would acquire the holding from a Goldman Sachs (GS) fund that represents Persian Gulf interests. The owner of the other 60% is Boston Properties (BXP).
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  • Feb. 15, 2013, 7:38 AM
    "The Goldilocks era of post-crisis M&A has never been an if, but a when," says JPMorgan (JPM) vice-chair James Lee. "CEOs are declaring that day has come." Including the Berkshire buy, $40B in deals were announced yesterday and $140B this month. Transaction volume is up 27% Y/Y vs. an 8% slump for 2012. It should mean sweet profits for the newly lean banks.
  • Jan. 3, 2013, 5:08 PM
    Abbott Labs (ABT), Johnson & Johnson (JNJ) and Sanofi (SNY) have all displayed an interest in Warburg Pincus' Bausch & Lomb. Warburg, working through Goldman Sachs (GS), is hoping to get at least $10B for the business and is seeking first-round bids by month’s end. The $10B price tag would be a major coup for Warburg, raking in a 200% return off its $1.7b equity investment.
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  • Dec. 11, 2012, 6:48 PM
    Goldman Sachs (GS) gets the nod by Warburg Pincus to explore a sale of Bausch & Lomb, the company's eye-care division. Warburg is said to be seeking at least $10B for the business. According to reports, Goldman has already contacted Sanofi (SNY), GlaxoSmithKline (GSK), and Merck (MRK) this month, and that Abbott Laboratories (ABT) will be among the other companies contacted.
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  • Nov. 26, 2012, 8:41 AM
    Canadian P-E firm Onex agrees to acquire U.S. insurance broker USI from GS Capital Partners, Goldman Sachs' (GS) P-E fund, for $2.3B. (PR)
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  • Nov. 19, 2012, 4:34 AM
    News Corp (NWS) will reportedly this week close a deal to acquire 49% in YES TV, the home TV channel of the New York Yankees, and will have an option to boost the stake to 80% within 3-5 years. YES would be valued at $3B under the initial transaction, more than the Yankees, whose holding company owns 34% in the cable channel. Goldman Sachs (GS) and Providence Equity own another 40%. (previous)
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  • Nov. 15, 2012, 3:56 AM
    News Corp (NWS) is reportedly in advanced talks to buy a stake - possibly almost 40% - in YES, the cable channel that televises New York Yankees games. News Corp is likely to acquire most of the holding from Goldman Sachs (GS) and Providence Equity Partners. The potential deal is likely to value YES at $3B.
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  • Nov. 14, 2012, 5:28 AM
    KAR Auction Services (KAR) has ended its attempts to sell itself following the breakdown of negotiations with P-E firm Clayton Dubilier & Rice over price and other transaction terms, Reuters reports. The vehicle auction company, which has a market cap of $2.38B, is 78%-owned by a group of P-E firms, including Goldman Sachs Capital Partners (GS).
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  • Oct. 3, 2012, 8:32 AM
    Amerigroup (AGP) has delayed a shareholder vote on its $4.5B acquisition by WellPoint (WLP) by two weeks, and will now hold it on Oct 23. The postponement comes after investors sued Amerigroup's board, arguing that adviser Goldman Sachs (GS) was "hopelessly conflicted" and pushed Amerigroup into a deal with WellPoint over a more lucrative bid from another suitor. Amerigroup is also now open to a better offer.
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  • Sep. 19, 2012, 3:24 AM
    Blackstone (BX) agrees to acquire Vivint for $2B from initial investors Goldman Sachs (GS), Jupiter and Peterson, Vivint CEO Todd Pedersen tells Bloomberg, confirming earlier speculation. The company provides home-security, energy-management and solar-power leases to over 670K North America households.
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  • Sep. 12, 2012, 6:17 AM
    Unsealed court documents show how Blackstone (BX), Goldman Sachs' (GS) P-E arm, Bain and other firms appear to have colluded on bids for companies they were buying in order keep prices down. In Bain's $32.1B purchase of hospital giant HCA in 2006, rival suitors agreed to "stand down" as part of an understanding to divide up the acquisition of other firms. The documents are part of a lawsuit against the firms for the actions.
  • Sep. 10, 2012, 4:11 AM
    Goldman Sachs (GS) and P-E firm CVC Capital propose a $3.8B debt-for-equity swap for Australian TV network Nine whereby CVC would lose control of the broadcaster to creditors that hold A$2.7B ($2.8B) of its debt, including Apollo Global (APO) and Oaktree, Reuters reports. Under the agreement, senior lenders would get 70% of Nine, while Goldman, which holds A$975M in mezzanine debt, would receive 30%.
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  • Sep. 7, 2012, 8:20 AM
    The Carlyle Group (CG) pays an undisclosed sum to purchase the North American power generation assets from Goldman Sachs' (GS) Cogentrix Energy. The assets include coal and solar projects in Florida, Virginia, Colorado, and California as well as a development pipeline of gas and renewable power projects. (PR)
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  • Aug. 10, 2012, 10:44 AM
    Lloyds (LYG) is in advanced talks to sell a $1.9B portfolio of loans to a group led by TPG and Goldman Sachs (GS), according to sources. 40% owned by the U.K. government, Lloyds has a mandate to pare back assets, likely making the buyers on the right side of this deal.
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  • Jul. 19, 2012, 6:19 AM
    A group that includes Goldman Sachs (GS) agrees to sell cable operator Suddenlink Communications for $1.99B to P-E firm BC Partners, Canada's second-largest pension fund, and a management team led by Suddenlink CEO Jerry Kent. The buyers are also taking on $4.59B of debt. The news follows Cogeco Cable agreeing to buy Atlantic Broadband for $1.36B.
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Company Description
Goldman Sachs Group Inc is a investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.