Goldman Sachs Organizes Team Focused On Middle Market Private Equity
Goldman Sachs assembled a team of five senior bakers with the purpose of building relationships with middle-market private equity firms, according to Business Insider.
The firm plans to add two additional senior bankers to the team sometime next year. Goldman Sachs wants more exposure to middle-market private equity and the companies contained in their portfolios.
"Have we had senior people in our financial sponsor coverage group covering middle market sponsors? Yes," said David Friedland, global head of M&A for Cross Markets Group. "Have we had multiple people who are going to spend 100 percent of their time covering middle market sponsors? No."
The team is composed of five senior bankers and will be finalized on December 9. David Cohen Mints, Scott Smith, Bryan D'Alessandro, Jean Oh, and Esma Yildiz make up the team with senior experience from companies Morgan Stanley, BMO Capital, Rothschild, and Piper Jaffray.
"I think there is an expectation on the other side of the table that, 'They are Goldman Sachs and they expect to just win and have business handed to them,'" said David Kamo managing director overseeing M&A transactions. "But we take nothing for granted. We know in this market we have to prove ourselves every day."
Goldman Sachs assembled a team of five senior bankers specifically dedicated to developing relationships with middle-market private equity firms.