Goldman Sachs has hired a rising star from Moelis who carved out a business sourcing deals from fitness companies like Flywheel and Barry's Bootcamp
- Goldman Sachs has hired a rising star from Moelis & Company to its consumer and retail investment banking practice.
- Aarti Kapoor, who carved out a business covering high-growth fitness companies like Flywheel and Barry's Bootcamp, will join Goldman as a vice president in August.
- Kapoor is credited with founding and running Moelis' health, wellness, and lifestyle investment banking coverage and was included on Business Insider's Rising Stars on Wall Street list in 2017.
Goldman Sachs has hired a rising star from Moelis & Company to its investment banking team that covers companies like Keurig and General Mills.
Aarti Kapoor, 32, will join Goldman's consumer and retail investment banking group, according to people familiar with the matter. She spent nearly nine years at Moelis, according to her LinkedIn profile.
A Goldman Sachs spokesman confirmed Kapoor would be joining the firm as a vice president in August. A Moelis spokesman declined to comment.
Kapoor joined Moelis as a junior banker in 2009 and leaves as an executive director, which like the VP title at Goldman is one a level below managing director. At Moelis she carved out a niche early on with high-growth health, wellness, and lifestyle brands, sourcing deals with companies like Flywheel, Barry's Bootcamp, and Vega, a plant-based sports supplement maker that sold for $550 million.
She is credited with founding and running the firm's health, wellness, and lifestyle business and was included on Business Insider's Rising Stars on Wall Street list in 2017.
Goldman has been chasing after deals from such middle-market and high-growth companies from regions across America as part of a goal to cover more than 1,000 new companies and add $500 million in new investment-banking revenue.
The bank's consumer and retail practice is better known, however, for advising on high-profile mergers and acquisitions, which in 2018 includes the $18.7 billion Keurig-Dr. Pepper merger, Albertsons' $7.1 billion acquisition of Rite Aid, and General Mills' $8 billion buyout of Blue Buffalo Pet Products.