Goldman Sachs Merchant Banking Division Retains Former Chairman and CEO of United Technologies

NEW YORK--()--Goldman, Sachs & Co. announced that its Merchant Banking Division (MBD) has retained Louis R. Chenevert to act as an exclusive advisor targeting opportunities in the aerospace and industrials sectors and advise other businesses.

“We have a long history of investments in the aerospace and industrials sectors”

Mr. Chenevert, 58, former Chairman and Chief Executive Officer of United Technologies Corp. (NYSE: UTX), retired in November 2014 after 22 years with the company. During his six-year tenure as CEO of United Technologies, the market capitalization of the company nearly doubled. Chenevert additionally launched several of the leading products in the aerospace industry and industrials sectors. Additionally, he led transformational acquisitions and successful integrations of International Aero Engines and Goodrich Corporation, which remains the largest aerospace acquisition completed to date.

“We have a long history of investments in the aerospace and industrials sectors,” said Richard A. Friedman, Head of the Merchant Banking Division at Goldman Sachs. “We are pleased to have Louis bring his deep knowledge, unique experience and track record of creating shareholder value to enhance our investing efforts.”

Since 1986, the Merchant Banking Division of Goldman Sachs has raised over $140 billion of capital in equity, credit and real estate funds to invest in a variety of geographies, industries and transaction types. With Merchant Banking representatives in six countries around the world, Goldman Sachs is one of the largest managers of private capital globally, offering deep expertise and longstanding relationships with companies, investors, entrepreneurs and financial intermediaries. Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

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