🠈 Goldman Sachs 🠊
Goldman Sachs
Goldman Sachs is an investment bank established by Marcus Goldman and Samuel Sachs in 1869. The company often underwrites IPOs and often appears to be in the thick of financial mergers and acquisitions.
This stub page will list activities of Goldman Sachs as I encounter them in other research.
- 1869: GS is established by Marcus Goldman and Samuel Sachs.
- 1994: GS financed Starwood Capital's purchase of Westin Hotels & Resorts for $561 million.
- 1995: GS acquired a 9% in Taiwan based Giant Bicycle for $12.5 million. The equity helped Giant become the world's largest bicycle manufacturer.
- 1996: Goldman Sachs helped Party City go public.
- 2004: GS financed the IPO of commodity trader Refco. After the IPO it was disclosed that Refco had $430 in hidden debt. Refco filed bankruptcy. Goldman Sachs then acquired the futures-trading division of Refco for $768 million.
- 2006: Anticipating a huge increase in retail bankruptcies, Goldman Sachs and Cerberus Capital invest in Hilco.
- 2008: GS receives a $10 billion investment from the United States Department of the Treasury as part of Emergency Economic Stabilization Act of 2008.
- 2010: GS, Trinity and Quilvest sold ViaWest to Shaw Communications.
- 2009: Byron Trott left Goldman Sachs to create BDT Capital.
- 2014: GS led a $40 million funding round for Circle marking GS's involvement in BitCoin and cyrptocurrency.
- 2015: Goldman Sachs and Morgan Stanley was hired by Cushman Wakefield to find a buyer. Goldman arranged an acquisition by DTR.
- 2017: GS, Lionstone and Crescent Real Estate acquire Flat Iron Park in Boulder for $170 million.
- 2018: GS invested $400 million in a cybercurrency exchanged called Poloniex (ref).
- 2020: NY Post2 reported that GS was hit with a $2.5 billion fine from Malaysia and additional fines from US for $3 billion related to the 1MDB bond scandal.
- 2009: Malaysian Prime Minister Najib Razak, which set up the 1MDB fund in 2009. An estimated $4.5 billion was misappropriated.
References:
- Wikipedia - Goldman Sachs (Drawn 11/13/2019)
- NY Post: 1MDB Scandal - https://nypost.com/2020/10/22/goldman-sachs-unit-pleads-guilty-to-us-charges-in-1mdb-scandal/ (Drawn 11/3/2020)
Directory Listings:
- Internet Rivers - Private Equity Firms: Goldman Sachs