Goldman bankers claim that they are trying to identify the next generation of 'super league' companies and have recently added Digital China Holdings, Travelsky Technology and Clear Media to their client list. Cynics believe that the bank is simply attempting to pay the bills and can no longer be so choosy about who it transacts business with.
Goldman, in common with many rivals, is now chasing smaller deals in an attempt to keep their investment bankers busy during these hard times.
The firm ranks fourth in takeovers throughout Asia this year and first in arranging equity sales in Asia outside Japan.
Goldman 'Scratching' For Business
Bloomberg reports that Goldman Sachs, who six years ago said that it would only deal with a 'Super League' of 100 Asian clients, is now 'scratching for fees' from a variety of much smaller companies.
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