Goldman Sachs may be getting mixed reviews for its quarterly performance in the M&A rankings, but its equity capital markets team is continuing to pull away at the top with another big deal this week.

This week, the US bank helped German industrial group Schaeffler sell a 15% stake in car maker Continental via an accelerated book build valued at $2.5bn Goldman Sachs priced the transaction at €60 per share, versus a price before offering of €60.97, with shares trading up sharply after completion.