Deals
Goldman Considered Buying a Boutique in Mid-Market Push
- Deals with William Blair, Harris Williams were considered
- Company has set goal of trying to boost revenue by $5 billion
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How serious is Goldman Sachs about its un-Goldmanlike push to handle more deals for smaller companies? Last year, it considered an unusual takeover of its own.
Bankers at the Wall Street firm debated buying a boutique investment bank catering to midsize corporations to ramp up Goldman’s share of that market, according to people with knowledge of the matter. At one point, executives discussed a link-up with Chicago-based William Blair & Co. They also internally raised the possibility of buying Harris Williams & Co., owned by PNC Financial Services Group Inc., one of the people said, asking not to be identified because the information isn’t public.