Are you a Goldman Sachs client stuck at home and, as a result, worried that the M&A pipeline might dry up? Perhaps you’re worried that an activist investor could take advantage of the Covid-19 lull and make a run at your business?
Don’t worry, there’s an app for that.
That’s because the investment bank is literally in the process of building an app that offers its clients a method for matchmaking and brokering M&A deals – all from their home, all from their phone.
The technology that Goldman is using is called Gemini and the software is already being used internally, according to Bloomberg. Clients will soon have access and Goldman hopes that it will be used to identify potential M&A deals and portions of a company’s business that could be vulnerable to attacks from activist investors.