One of the biggest investment banks in the country is getting into the talent agency business.

Goldman Sachs on Tuesday announced a deal that will see it acquire a majority stake in Excel Sports Management, the agency that represents clients like Tiger Woods, Caitlin Clark, Derek Jeter and Nikola Djokic.

Front Office Sports reported that the deal values Excel at nearly $1 billion.

The deal was made by Private Equity at Goldman Sachs Alternatives, which functions as a private equity firm inside of the investment bank, investing in and acquiring companies in certain areas. Goldman, it should be noted, has been active in the sports space, as an advisor to owners, founders and leagues. It launched a dedicated sports advisory business in 2023.

One of the biggest investment banks in the c

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