Goldman Sachs Closes GS Capital Partners VI
Monday, April 23, 2007
NEW YORK, April 23, 2007 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced it has closed GS Capital Partners VI with $20 billion in committed capital, $11 billion from qualified institutional and high net worth clients and $9 billion from the firm and its employees. This is the sixth global, diversified fund dedicated to making privately negotiated equity investments.
The Fund will invest across a broad range of industries and will seek to create value through meaningful involvement with portfolio companies' strategic decision-making and operating philosophy.? GS Capital Partners VI seeks long-term capital appreciation by committing equity to high-quality companies with superior management in a variety of situations, including leveraged buyouts, recapitalizations, and growth investments to fund acquisitions or expansion.
Goldman Sachs' Principal Investment Area has over 125 investment professionals in New York, London, Hong Kong, Tokyo and San Francisco with expertise in a wide variety of industries. Selected investments include Ahlsell AB; Allied World Assurance Company Holdings, Inc.; ARAMARK Corporation; Burger King Holdings, Inc.; Capmark Financial Group; Coffeyville Acquisition, LLC; Cognis GmbH; Education Management Corporation; Executive Jet, Inc.; Hawker Beechcraft Corporation; Hana Financial Group; Hexcel Corporation; ISS A/S; Kinder Morgan, Inc.; Kion Group; Kookmin Bank; Mindray Medical International Limited; Nalco Company; Orion Power Holdings; PagesJaunes Group SA; Ping An Insurance Co. of China; Polo Ralph Lauren Corporation; Prysmian Cables & Systems; Sanyo Electric Co., Ltd.; SunGard Data Systems, Inc.; Universal Studios Japan; VoiceStream Wireless Corporation; Western Wireless Corporation; and Yankees Entertainment and Sports Network.
Founded in 1869, Goldman Sachs is one of the oldest and largest investment banking firms.? Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Established in 1991, the GS Capital Partners family of funds is part of the firm's Principal Investment Area in the Merchant Banking Division. Goldman Sachs' Principal Investment Area has formed 13 investment vehicles aggregating $56 billion of capital raised. GS Capital Partners VI is the current primary investment vehicle for Goldman Sachs to make large, privately negotiated equity investments.
Media Contacts
US: Michael DuVally or Gia MorĂ³n?
Tel: 212-902-2605 or 212-902-4307
Europe: Rebecca Nelson
Tel: 44-20-7-552-4358
http://www2.goldmansachs.com/our_firm/media_center/articles/current_press_releases_article_070423155618.html
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2007
Goldman Sachs is represented by the following public relations agencies:
Brazil
Andreoli/Manning, Selvage & Lee
Sao Paulo
Tel: (55 11) 3169-9312
France Ogilvy PR
Paris
Tel: 33 (0) 1 53 67 12 50
Italy
Twister communication group S.p.A.
Milan
Tel: 39 02 438114.200
India
IPAN
New Delhi
Tel: 91 22 6616 9102
Israel
Policy
Tel Aviv
Tel: 972 (0) 3 685 5666
Spain
Grupo Albion, Asesores de Comunicacion
Madrid
Tel: 34 91 531 23 88
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Goldman Sachs Closes First Infrastructure Fund With More Than $6.5 Billion
Thursday, December 28, 2006
The Goldman Sachs Group, Inc. (NYSE: GS) today announced it has raised its first GS Infrastructure Partners fund with more than $6.5 billion in committed capital.? This is Goldman Sachs' first fund dedicated to making infrastructure investments and will make such investments globally.
"Goldman Sachs is a leading private equity and real estate investor with a long history of making profitable investments and GS Infrastructure Partners is a natural extension of that business," said Steven Feldman and William Young, Co-Heads of the Infrastructure Group in the Merchant Banking Division of Goldman Sachs.? "With the success of this fundraising, we have the capital to create and pursue large-scale investment opportunities while achieving portfolio diversification."
GS Infrastructure Partners will seek investments in traditional infrastructure sectors including transport infrastructure, such as toll roads, airports and ports as well as regulated gas, water and electrical utilities.
While the Fund is global, the focus will be on larger investment opportunities in developed markets with established legal, political and regulatory frameworks.? The primary sources of opportunities are expected to be in Europe and North America.? The Fund has already committed to recent investments including: Associated British Ports and Kinder Morgan.
Goldman Sachs has committed approximately $750 million of the Fund's total capital.? Other institutional investors in GS Infrastructure Partners include pension funds, insurance companies and banks.
GS Infrastructure Partners is managed by a diverse team of experienced professionals in the Firm's Merchant Banking division in New York and London, which will draw on the Firm's extensive experience in managing real estate and private equity investments.?
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
http://www2.goldmansachs.com/our_firm/media_center/articles/press_release_2006_article_061228111753.html
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Media Release
Goldman Sachs Closes GS Capital Partners V At $8.5 Billion
Wednesday, April 13, 2005
NEW YORK, April 13, 2005 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced it has completed fundraising for GS Capital Partners V with $8.5 billion in committed capital. This is Goldman Sachs' fifth global, diversified fund dedicated to making privately negotiated equity investments.
"We are particularly pleased by the high rate of returning investors to our Fund and the fact that the firm and its employees continue to be such strong supporters of this business," said Richard A. Friedman, Managing Director and Head of Goldman Sachs' Principal Investment Area. "With GS Capital Partners V, Goldman Sachs is well positioned to continue to participate in the corporate buyout market, which has grown in scale over the past few years."
Like its predecessors, GS Capital Partners V will seek long-term capital appreciation by committing equity to high-quality companies with superior management in a variety of situations, including leveraged buyouts, recapitalizations, and growth investments to fund acquisition or expansion. The Fund will invest across a broad range of industries and will seek to create value through meaningful involvement with portfolio companies' strategic decision-making and operating philosophy.
Goldman Sachs has committed in excess of $2.5 billion, or 30%, of the Fund's total capital. Other investors in GS Capital Partners V are part of the firm's network of qualified institutional and high net worth clients.
With a team of 100 professionals in New York, San Francisco, London, Hong Kong and Tokyo, the Principal Investment Area of Goldman Sachs has expertise in a variety of industries. Past investments include: Allied World Assurance Company; Burger King; Cognis GmbH; Executive Jet; Hexcel Corporation; Kabel Deutschland GmbH; Kookmin Bank; Messer Griesheim Group GmbH; Nalco Company; Orion Power Holdings; Ping An Insurance Co. of China; Polo Ralph Lauren; R.H. Donnelley; VoiceStream Wireless; Western Wireless; Westminster Health Care; Wincor-Nixdorf GmbH; and Yankees Entertainment and Sports Network.
Founded in 1869, Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Established in 1991, the GS Capital Partners Funds are part of the firm's Principal Investment Area in the Merchant Banking Division. Goldman Sachs' Principal Investment Area has formed 11 investment vehicles aggregating $26 billion of capital to date. With $8.5 billion in committed capital, GS Capital Partners V is the current primary investment vehicle for Goldman Sachs to make privately negotiated equity investments.
http://www2.goldmansachs.com/our_firm/media_center/articles/press_release_2005_article_050518160420.html
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Medial release
Goldman Sachs Asset Management's Private Equity Group Closes Three New Funds Totaling $3 Billion
Wednesday, March 2, 2005
NEW YORK, March 2, 2005 – Goldman Sachs Asset Management's Private Equity Group announced the closing of three new funds with total committed capital of over $3 billion. With the closings of these new funds, the Group now manages over $13 billion in committed capital across a range of primary fund-of-funds and secondary funds. The three new funds and related vehicles are: GS Vintage Fund III, GS Private Equity Partners 2004 and GS Distressed Opportunities Fund II.
"Since we formed the Private Equity Group within Goldman Sachs Asset Management in 1996, we have strived to be recognized as one of the most thoughtful, innovative investors within the private equity limited partner community," said Managing Director Michael Miele, the Group's Chairman and Chief Investment Officer. "The strong support we have received from the firm's institutional and high-net worth investor base over the last 12 months is most encouraging. We will continue to grow the franchise in a very measured way as we remain focused on creating the highest quality portfolios for our clients."
The three funds that have closed are:
GS Vintage Fund III is the Group's third dedicated private equity secondaries fund. The Fund and related vehicles closed in December 2004 with $1.5 billion in committed capital. Limited partners include both institutional and private investors in the Americas, Europe, Asia, and Australia. Drawing on Goldman Sachs' global sourcing network, extensive general partner relationships, and due diligence capabilities, the GS Vintage Funds, with over $3 billion in aggregate committed capital, have pioneered unique liquidity and capital solutions to both limited partners and general partners. The GS Vintage Fund III has already completed several transactions.
GS Private Equity Partners 2004 is the Group's seventh primary fund-of-funds. The Fund and related vehicles closed with $1.2 billion in committed capital in February 2005. The Private Equity Partners (PEP) family of funds, representing over $8 billion in committed capital, is a global, diversified fund-of-funds program. Each fund makes multiple investments across a range of private equity funds whose strategies include buyouts, venture capital, growth capital and distressed and other special situations. The Fund may also make co-investments and has the ability to acquire relatively unfunded secondary positions. Much of the capital raised for PEP 2004 came from existing PEP investors in the US and Europe, with additional demand from some new institutional investors.
GS Distressed Opportunities Fund II is the Group's second distressed fund-of-funds. The Fund and related vehicles closed in May 2004 with $386 million in committed capital and has already committed 72% with managers focusing on both distressed equity and distressed debt strategies. This Fund is a follow-on fund to GS Distressed Opportunities I, a $385 million fund raised in June 2002.
Managing Directors Charles Baillie and Christopher Kojima are co-heads of the Private Equity Group in Goldman Sachs Asset Management and lead the Group along with Mr. Miele.
The Private Equity Group of Goldman Sachs Asset Management manages over $13 billion of capital in primary fund-of-funds and secondary funds. Based in New York and London, and sharing resources across several additional Goldman Sachs offices around the world, the Group comprises over 70 professionals. Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which manages $452 billion as of November 26, 2004. For more information, please visit www.gs.com/peg.
Media Contacts:
US
Andrea Raphael Goldman Sachs 212-357-0025
Laura Rzasa Donley Communications 212-751-6126
London
Simon Eaton Goldman Sachs 44-207-774-4102
Nitya Bolam Brunswick Group 44-207-396-5359
http://www2.goldmansachs.com/our_firm/media_center/articles/current_press_releases_article_050914131037.html
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Private Equity Group
Goldman Sachs Private Equity Group (PEG) is a leading investor in private equity funds, is a significant co-investor in direct investments, and is an active provider of liquidity and portfolio management solutions to existing private equity investors. PEG's comprehensive global private equity program seeks to construct a diversified private equity portfolio and considers each potential investment's strategy, geographic focus, competitive advantages, and return profiles, including how a particular opportunity may affect the portfolio's volatility and risk.
Based in New York, London, Tokyo, Hong Kong and San Francisco, the Private Equity Group consists of over 85 professionals. PEG casts a wide net in an effort to identify the best private equity fund managers in the world. PEG primarily makes commitments to private equity funds located in the United States, the United Kingdom, continental Europe, Latin America and Asia with strategies that include leveraged buyouts, growth financings, natural resources, venture capital and distressed securities. PEG believes that its reputation and access to the resources of Goldman Sachs may provide significant advantages to its investments. PEG maintains an ?open-door policy with respect to potential investments, and welcomes information regarding prospective private equity fund offerings and secondary investment opportunities.
Private equity managers can contact the Private Equity Group at peg@gs.com.
http://www2.goldmansachs.com/client_services/asset_management/products/private_equity_group.html
Saturday, December 1, 2007
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