Escrow
Goldman Sachs Transaction Banking (TxB) serves as a neutral third-party agent independently holding funds. Our escrow team has deep industry knowledge and is focused on providing solutions that are straightforward to set up, simple to administer, and replicable across multiple transactions.
TxB Provides a Differentiated Service
Flexible pricing, including for closing costs, and competitive deposit rates
Template agreement is straightforward & customizable
Fast turnaround for KYC processing and account opening²
Easy-to-use Client Portal consolidates accounts in one place
TxB Escrow team has many years of industry experience and can adapt to unique deal requirements
² Subject to the receipt of all required KYC documentation
Escrow Services for Mergers & Acquisitions
Applications for escrow are present throughout the lifecycle of an M&A transaction and TxB is poised to help support these use cases with our straightforward approach to establishing escrow accounts.
Acquisition Financing
Hold financing proceeds that are earmarked
for their stated purpose.
Cash Confirmation
Demonstrate proof of funds to satisfy requirements set forth by the Takeover Panel.
Target Identified
Due Diligence
Financial Close
Fulfillment
Indemnity Holdback
Service claims for any inaccurate representations and warranties made in the sale process.
Working Capital /
Purchase Price Adjustment
Offset any adjustments in valuation of the target company, post-closing.
Insurance Exclusions
Hold exclusions not covered in insurance policies such as environmental risks or pending tax liabilities.
Retention / Earnout
Deferred payments to key employees with periodic releases for performance milestones met.
Companies active in M&A can improve deal execution by simplifying processes such as escrow account set-up. TxB works with clients to establish a replicable solution that can support their activity:
Portfolio Escrow Solutions
The TxB Client Portal is a cloud-native transaction banking platform built to provide an intuitive,
user-friendly experience. Manage your TxB accounts, including your escrow portfolio, in a consolidated, easy-to-use UI, with robust reporting capabilities.
Client Portal
Image is simulated and for illustrative purposes
TxB accounts can be used to segregate drawn proceeds for a transaction. Our control agreements maintain existing pledges to Secured Parties and provide a clear account control structure.
Controlled Agreements for Capital Markets
Pre-negotiate a template escrow agreement that can be used on future transactions
... simplifies deal-by-deal negotiation
Onboard client legal entity or entities in advance of transaction
... reduces closing complexity
Centralize account information and reporting for all accounts on the
TxB Client Portal
... consolidates tracking and reporting
Good Faith Deposits / Termination Fees
Prefund deposit to demonstrate serious interest or cover potential termination fees.
Acquisition Finance
Secured Lending
High Yield Debt Issuance
Term / Revolver Draws
Cash Collateralized LCs
Real Estate / Construction
Regulatory / Tax / Litigation
Bankruptcy / Restructuring
US only
US only
US only
¹US only
Certain products are not yet live offerings and are contingent on internal approvals by Compliance and other internal stakeholders.
¹US only
Certain products are not yet live offerings and are contingent on internal approvals by Compliance and other internal stakeholders.
¹US only
Certain products are not yet live offerings and are contingent on internal approvals by Compliance and other internal stakeholders.
¹