Goldman Sachs 2000 Annual Report Download - page 18
Download and view the complete annual report
Please find page 18 of the 2000 Goldman Sachs annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.16
Unilever
Patrick Cescau,
Foods Director
“Two words define our relationship with Goldman Sachs:
continuity and teamwork. A relationship is about mutual
commitment over time. Because together we have developed
a true global team with a strong level of continuity, Goldman
Sachs can assign us the most qualified people from around the
world, work closely with us to understand our industry structure
and strategy, and support us in many ways in helping to
improve our business. The acquisition of Bestfoods is a product
of this strategic relationship.”
• Goldman Sachs served as financial advisor to Unilever on its
$24.4 billion acquisition of Bestfoods, the largest all-cash
cross-border deal ever, and was joint bookrunner of the
associated acquisition financing and of approximately
$14.3 billion of debt offerings in 2000.
The World Bank Group
Gumersindo Oliveros,
Director, Treasury Finance
“Goldman Sachs was our lead manager of choice for many
reasons. An electronic bond issue requires e-preparedness
for book building, distribution and trading. Goldman Sachs
was way ahead of the field in all these areas. Notably, it
already had its electronic bond trading platform, Web.ETSM,
up and running. And while many other banks were approaching
electronic distribution with reluctance, Goldman Sachs early
on had the strategic vision to see it as something important,
and recognized it as the wave of the future. This experience
has reinforced the high regard we hold for the profession-
alism of the Goldman Sachs team and their ability to innovate
and execute.”
• Goldman Sachs was the sole bookrunning lead manager
on the first-ever fully integrated electronic bond offering.
Corning Incorporated
James B. Flaws,
Executive Vice President and Chief Financial Officer
“We value the quality of the advice we get, which is delivered
in a commonsense, practical way. Even more important to
us is the cultural fit. Goldman Sachs’ business practices and
integrity are exceptional. The firm is focused on doing what
is right for the client, not on fees. If a transaction is not in our
best interests, they will tell us so. We regard Goldman Sachs
as an integral part of how we run Corning.”
• In 2000, Goldman Sachs advised Corning on $7.8 billion in
merger activity and $7.2 billion in equity and debt financings.
Vodafone Group Plc
Chris Gent,
Chief Executive
“Our acquisition of Mannesmann was challenging, but
from the outset Goldman Sachs came in with innovative
ideas about how to structure the proposal to be maximally
effective to different shareholder communities. The trans-
action was deemed to be attempting the impossible. The
Goldman Sachs team repeatedly drew on precision thinking
and outstanding technical advice to keep us going.”
• Goldman Sachs was a financial advisor to Vodafone on its
acquisition of Mannesmann, which created the world’s
leading mobile telecom provider.