Goldman Sachs 2000 Annual Report Download - page 24
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Taiwan Semiconductor Manufacturing Co. Ltd.(TSMC)
Harvey Chang,
Senior Vice President and Chief Financial Officer
“We appreciate that when we need resources or expert
judgment, Goldman Sachs brings in people from around the
world with superior knowledge of our industry, the technology
sector and the global markets. As we worked together to map
out a strategy that would ensure TSMC’s continued leadership
role in our industry, the Goldman Sachs team helped us
address complex regulatory issues and, in a very difficult
market, position TSMC with investors as the most profitable
and fastest growing semiconductor foundry in the world.”
• Goldman Sachs was the sole global coordinator and
bookrunner on TSMC’s $1.2 billion offering of American
Depositary Shares, which was one of the largest corporate
equity issues in non-Japan Asia at the time.
GS Capital Partners 2000 Fund (GSCP 2000)
The firm’s Principal Investment Area (PIA) has invested
$5.4 billion through its GS Capital Partners funds since
1992. In July 2000, PIA closed GS Capital Partners 2000
with $5.25 billion in commitments, including $1.6 billion from
Goldman Sachs and our employees. GSCP 2000 is the fourth
in a series of global, diversified private equity funds managed
by PIA. GSCP 2000 draws on Goldman Sachs’ broad experi-
ence as an investor; its global resources for identifying,
structuring, monitoring and harvesting investments; and its
proprietary access to investment opportunities.The fund
has a broad investment mandate and is continuing the firm’s
strategy of opportunistic investing.
• With $5.25 billion raised and a focus on merchant banking,
telecommunications/broadband and technology investments,
GSCP 2000 is one of the largest active private equity funds in
existence today.
The Royal Bank of Scotland Group plc
Fred Goodwin,
Group Chief Executive
“As part of our overall advisory team, Goldman Sachs helped us
create the strategy that convinced shareholders and the invest-
ment community of the merits of the takeover. Goldman Sachs
was an automatic choice to play a role on our advisory team for
the NatWest acquisition. Throughout this pressured, complex
effort, Goldman Sachs provided a committed and supportive
team approach to achieving our goals.”
• Royal Bank of Scotland’s acquisition of National Westminster
Bank plc created one of the top three banks in Europe by
market capitalization.
Telefónica, S.A.
José María Álvarez-Pallete,
Chief Financial Officer
“We awarded the offering mandate to Goldman Sachs because
of the firm’s strengths in global distribution and research as
well as its knowledge of Telefónica and the telecom industry.
For many years, we have had a relationship that has covered
equity and debt offerings, risk management as well as mergers
and acquisitions.”
• Goldman Sachs was joint global coordinator of Telefónica’s
$6 billion multi-tranche global bond offering.