Bulge Bakkies Goldman and JPMorgan Land largest lbo ever

(Bloomberg) – The biggest buyout on record was negotiated by two of Wall Street’s traditional M&A power stations. Goldman Sachs Group Inc. Advise electronic arts on its $ 55 billion sale to a consortium led by Silver Lake Management, which according to a statement on Monday with JPMorgan Chase & Co. work. JPMorgan will also provide $ 20 billion worth of debt financing. The transaction will be Goldman’s position as the no. 1 merger and procurement advisor increases, a position it has held over the past eight years, while bringing the number 3 JPMorgan a step closer to runner-up Morgan Stanley. It is not entirely surprising that the two firms, as well as Silver Lake Partners Public Investment Fund and Affinity Partners, rely on this type of transaction on Bult slap firms. Few banks have the ability to finance a buyout of this scale. JPMorgan is also familiar with electronic arts, after handling Glu Mobile’s purchase in 2021. The large scope of the transaction means that it would be virtually impossible for a boutique such as Centerview Partners or Evercore Inc. to finance. The JPMorgan brand can also be useful, as Saudia Arabia’s PIF and Jared Kushner’s affinity partners seek regulatory blessing for the agreement, possibly in various jurisdictions. For electronic arts, he trusts in the top M&A adviser with investors that it has obtained a fair agreement against the best possible valuation. The transaction also continues with the tendency of companies that rely on large firms rather than boutiques to handle Megadeals: There were no boutiques on the agreement of Union Pacific Corp. To acquire the railway operator Norfolk Southern Corp for over $ 80 billion, including debt. Global M&A values ​​in the third quarter amounted to $ 1 trillion for only the second time ever, setting up the end of 2025 for a possible Blitz of trade. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP