Goldman Sachs once again dominated the league tables for global dealmaking in 2025, taking market share and the top spot in a year marked by high-stakes political drama and increasingly bigger mergers.
The rise of the 10 billion deal, of which there were 68 last year totaling 1.5 trillion, more than double the year prior, helped Goldman secure its No. 1 ranking, according to LSEG data. The firm advised on 38 of those deals - more than any other investment bank - with 1.48 trillion in total volume of deals advised on. It was the strongest period for mega deals, by number, since LSEG records began in 1980.
Calling 2025 an exceptional M A year, Goldmans Global Co-Head of M A Stephan Feldgoise told clients it was an extraordinary M A market, with activity driven by a ubiquity of capital, according to the investment banks 2026 M A outlook.
