Goldman Sachs 2009 Annual Report Download - page 25

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23
Satyam’s new, government-appointed board of directors
appointed Goldman Sachs as  nancial advisor and provided
us with a challenging mandate: avert the potential failure
of Satyam by  nding a buyer for the technology services giant
within a stringent deadline.
As the board’s advisor, Goldman Sachs helped achieve
a solution that met the requirements of numerous parties,
including India’s regulatory and legal authorities. The global
team that evaluated Satyam’s business determined that, despite
the uncertainty, the company had strong management and
a viable business model. Goldman Sachs designed a process
to maximize competition and ensure transparency.
The Goldman Sachs team generated interest from potential
acquirers worldwide. The winning bid, which valued Satyam at
approximately $1.1 billion, came from Tech Mahindra, a joint
venture between British Telecom and the Indian conglomerate
Mahindra & Mahindra. The rebranded Mahindra Satyam has
regained its place among India’s IT services leaders, and
provides an exciting growth platform for its new owners.
SATYAM FACILITY
HYDERABAD, INDIA
Our Work Enables Growth