Goldman Sachs’s new European investment banking leaders have a clear target as they look to take the number one spot in the region — mid-market deals. The Wall Street bank is not alone.

For several years, mid-market M&A has been a key focus of ‘bulge bracket’ banks aiming to gain market share in the US. However, moves to capture a bigger slice of smaller transactions largely served by specialist dealmakers has been slower to emerge in Europe.