Who are the "A Teams"?

22nd July 2022

2021 was a good year for mergers-and-acquisitions bankers. Dealmakers made more than $5.5 trillion of M&A globally in 2021. This total far exceeds the previous record, which was $4.2 trillion in 2015.

These big transactions highlight the desire of big businesses to grow and spend money to facilitate this growth. Microsoft spent $20 billion to purchase Nuance Communications, and AT&T spent $43 billion to marry their WarnerMedia brand to Discovery.

However, who are the “A teams” making these incredible deals in a period where sales and trading dried up across the board?

Chris Gallea (Goldman Sachs) - $26 Billion

As the Vice Chairman of Investment Banking, Chris Gallea is no stranger to big deals - he was in the top 5 dealmakers of 2020. He joined Goldman Sachs in 2018 and is regarded as a big win for the firm.

With seven deals totalling $26 billion under his belt in 2021, Gallea continues to take in big money and prove to Goldman that his salary is justified. When the bank worked with DuPont during their $5.2 billion acquisition of electronic-materials giant Rogers, Gallea was their lead counsel.

Gary Posternack (Barclays) - $28 Billion

As the Global Head of M&A for Barclays, Gary Posternack has 35 years of deal-making experience to offer a situation. He only made two deals in 2021, but they brought in a staggering $28 billion.

These two deals were the acquisition of clinical-research company PPD for roughly $17.4 billion and then a $6.7 billion purchase of US pest-extermination firm Terminix.

Tony Kim (Centerview Partners) - $33 Billion

Third up on our list is Tony Kim. A big player with Centerview Partners, Kim is used to making large deals with major corporations.

Kim only struck two deals in 2021, but together they total $33 billion. The bulk of that comes from his advice for the hospital-systems provider Centre during their sale to Oracle for $29 billion. He is also just one of many professionals who expect to see more sales in 2022 of the same calibre.

Clint Gartin (Morgan Stanley) - $34 Billion

Clint Gartin has been a powerhouse with Morgan Stanley since he joined the company in 1981. In 2020, he was #1 on the list of dealmakers, and it’s not difficult to see why.

He took part in 3 deals in 2021, which together totalled out a value of a cool $34 billion. As a specialist in the healthcare industry, one of the big deals negotiated by Gartin was a $17 billion acquisition of the PPD, who has already been mentioned on the list today. He worked with their buyer, Thermo Fisher.

Final Thoughts

It’s clear that considerable deals were made during 2021. These dealmakers stand out for their ability to do well even under exceptional circumstances - the COVID-19 pandemic and its environmental consequences - and have proven themselves to be assets to their firms. Most predict 2022 will be equally prosperous, citing a newfound momentum as the reason for companies being willing to pay big money to see growth.

Featured Posts

In an age of change and constant innovation, we believe in sharing ideas and discussing a variety of trending topics around recruitment, aviation, aerospace & defence and investment banking. Please peruse our library of blogs and articles below

  • Are Industry-Specific Recruiters Important?

    12th August 2022

    There is little doubt that using a recruitment service can save time and resources but to ensure you get the most from your recruiters, it is vital that they have specialist knowledge of your industry.

  • Causes of the 2022 Travel Crisis

    20th July 2022

    When the world came to a grinding halt in 2020, travel was one of the worst-hit industries, especially the aviation industry. Planes were grounded and people were forbidden to travel but as the world has slowly emerged from the pandemic, it has seen numbers slowly increase since the middle of 2021.

  • The Benefits of Diversity in Aviation and Aerospace

    11th January 2022

    Diversity is a hot topic of conversation across every industry, though when it comes to the aviation and aerospace sector it seems as though the balance is universally one-sided.