Goldman Sachs may have lost out on landing a role in the biggest global deal of the year, but it has done little to dampen its dominance at the top of the league tables for European M&A and second globally, according the Dealogic's first quarter rankings, demonstrating that a bad few weeks does not a bad quarter make.

The US bank has had a hand in all three of the largest European transactions in first quarter of this year, meaning that it unusually worked on a larger volume of deals in Europe than it carried out in the US.