Goldman Sachs 2003 Annual Report Download - page 15

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GOLDMAN SACHS 2003 ANNUAL REPORT 12
SUMITOMO MITSUI
FINANCIAL GROUP, INC.
A series of transactions between Goldman
Sachs and Sumitomo Mitsui Financial Group,
Inc. (SMFG) demonstrated our long-term
commitment to Japan and its financial markets.
The initiatives announced include Goldman
Sachs’ JPY 150.3 billion (approximately $1.25
billion) investment in the convertible preferred
stock of SMFG, the provision by SMFG of credit
loss protection for Goldman Sachs in connection
with certain lending activities and greater
cooperative business efforts. These transactions
expanded SMFG’s capital base and facilitated
mutually beneficial business opportunities.
The transactions also build on a long and
extensive relationship that includes former
Sumitomo Bank’s successful $500 million invest-
ment in the Goldman Sachs partnership in 1986.
YELL GROUP PLC
Goldman Sachs jointly led the international
directories business’s highly successful initial
public offering.
Our Investment Banking, Equity Capital Markets
and Equities professionals mobilized for Yell’s
equity market debut, translating strong investor
demand into an increased offering size, rapid
execution, attractive pricing and a broad
distribution of shares.
At $1.9 billion, the Yell transaction was the
second-largest IPO of 2003 and the largest IPO
in the United Kingdom since 2001.
from left to right:
Susan Willetts, Frank Lopez-Balboa, Peter Aberg, Howard Silverstein, Bill Wolf, Roger Matthews, James Ziperski, Anshul Krishan,
Huw Williams, Chris Bischoff, Simon Dingemans, Jane Liu, Toshinobu Kasai, Taneki Ono, Shigeki Kiritani, Toshihiko Umetani