Goldman Sachs 2007 Annual Report Download - page 13

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We see opportunity
In extending
our reach
BOVESPA HOLDING S.A.
In 2007, Goldman Sachs made a
series of significant commitments
to building our presence in Brazil.
We established a bank and
supported the management team
with important new hires and
transfers. We have built upon our
long history as one of the
country’s premier M&A advisors
to become a diversified provider
of products and services, including
Fixed Income, Currency and
Commodities, Asset Management,
Research, Principal Investing,
Corporate Finance and Equities.
In 2007, we participated as the
lead bookrunner in the country’s
largest recorded IPO for
BOVESPA Holding, which
controls the São Paulo Stock
Exchange. The IPO was the
culmination of over a year of
working as an exclusive advisor
to BOVESPA Holding during its
demutualization and preparation
to become a publicly traded entity.
In preparation for the IPO,
Goldman Sachs worked with the
BOVESPA Holding management
board to develop a profile that
would appeal to a broad base of
international investors. Key to the
success of the offering was helping
them demonstrate how their
evolving culture supported the
financial disclosure, compliance
and independent board oversight
practices expected by the global
investment community. Our
commitment throughout the
process, from the demutualization
to the pricing of the IPO, is an
important factor in our efforts to
grow our franchise in new markets
through strong client relationships
and innovative services.
11Goldman Sachs 2007 Annual Report