Goldman Sachs Investment Banking Pitch Book
Goldman
Sachs Summary of Feedback from Additional
Potential Buyers
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Commentary
INVESTMENT BANKING
DIVISION
CONFIDENTIAL
■ Rudy met with
at
[***] August
■ GS had follow-up discussion with [***] in late August
■ Appear to be positive on company and opportunity; would like to pursue meaningful changes to business
model if taken private
■
Unclear if positive interest to date is sufficient to seriously pursue opportunity at this point in time
Have continued to raise with [***]; little further engagement to date
■ Strong interest in wealth management and recently met Rudy
Have followed-up with [***] and indicated there is no pathway to actionability; no follow-up from
to date
■ Bar very high given lack of any significant investment to date; needs to be a very clean story
■ Asked to stay close and re-engage when financing markets normalize
No recent follow-up
Enthusiastic about the company and investing in the wealth space
■ Uncomfortable putting forth a bid in August due to financing market backdrop and inability to form a view
on pro forma capital structure
■ Rudy met with [***] in August
■ [***] likes business and indicated they would be interested in supporting a deal (but cannot lead)
No recent follow-up
Rudy met with [***] President ( [***
) in July
FIG team at [***] was going to do "real work" post Labor Day and reach back out to GS
No feedback at this point; does not appear to be an area of focus to date
"[***]" indicates information that has been omitted on the basis of a confidential treatment request pursuant to Rule 24b-2 of the Securities Exchange 36
Act of 1934, as amended. The information has been submitted separately with the Securities and Exchange Commission.View entire presentation