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Don't listen to the above posters... GS DOES have an M&A group.  Though this is misleading because it's more of an activism defense group.

Since the dawn of time, GS will not do a hostile takeover - bad for business if you're backing the "hostile" party when you want large corporates as your clients.  So, they created the "M&A" group that essentially does takeover defense.  The above posters are correct that M&A execution / modeling is done by the industry groups and junior bankers.

 

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