Goldman Sachs Investment Banking Pitch Book
Goldman Additional Detail of Upfront TRA Payments in
Sachs
Change of Control Transactions
A B
Target
Change Healthcare
Plurasight
VWR
Advance Pierre
Norcraft Companies
Athlon Energy
Graham Packaging
Acquirer
United Health
Vista Equity Partners
New Mountain Capital
Tyson Foods
Fortune Brands
Encana
Reynolds Group
Source: Company Press Releases, Merger Agreements and Public Filings.
Transaction
Close
Pending
4/6/2021
11/21/2017
6/7/2017
5/12/2015
11/13/2014
9/8/2011
Total Deal TRA Payment
Consideration ($mm) Amount ($mm)
$ 12,686
$3,416
$6,418
$4,394
$ 547
$6,612
$ 4,369
Not Disclosed
$ 127
$56
$ 224
INVESTMENT BANKING
DIVISION
$44
Not Disclosed
$ 245
CONFIDENTIAL
TRA Payment as a %
of Deal Consideration
Not Available
4%
1%
5%
8%
Not Available
6%
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