"We have been selling asset-based businesses all over the world using drones for site visits and fly-overs," Feldgoise said in a phone interview.
Now, deals are being closed almost entirely on screens, using teleconferencing tools including Zoom, BlueJeans, Cisco Webex and Microsoft Teams.
As a substitute for in-person site tours, drones are being used for recorded videos or live sessions.
Of the several hundred transactions that Goldman has advised on during the pandemic, more than 95% were done without any face-to-face interaction, said Feldgoise.
Drones are likely here to stay, he says: "We believe it will change the M&A landscape forever."
Goldman Sachs, Stephan Feldgoise, Feldgoise, Goldman
Street, Investment, Cisco Webex, Microsoft