Goldman Sachs Urban Investment Group Partners with Global Lead Corporation; Goldman to Provide Capital to Help Grow Leading Div
18 May 2006 - 1:17AM
Business Wire
Global Lead Corporation ("Global Lead"), an international
management consulting firm specializing in strategic diversity and
productivity, announced today its partnership with the Goldman
Sachs Urban Investment Group ("Goldman Sachs UIG"). Goldman Sachs
UIG invested an undisclosed sum in privately-held Global Lead to
accelerate the company's organic growth and to provide capital for
future acquisitions. Global Lead, a certified Minority Business
Enterprise by the National Minority Supplier Development Council,
is one of the largest and oldest diversity and inclusion-focused
management consulting firms in the industry. Global Lead advises
over 100 major corporations, including Fortune 100 Companies and
trains over 250,000 individuals annually around the globe. Over 95
percent of Fortune 500 companies have diversity and inclusion
initiatives in place and many engage outside consultants to develop
custom programs to increase productivity and competitiveness. U.S.
corporations spend in excess of $2 billion annually on diversity
and inclusion strategy development and education initiatives.
"Global Lead is one of the thought leaders in the diversity and
inclusion consulting space. We believe this is an attractive
investment opportunity for us in an area that we consider to be
strategically important to us as a firm," said Martin Chavez of
Goldman Sachs UIG and board member of Global Lead. "Goldman Sachs
UIG welcomes opportunities where we can put the firm's capital to
work in support of successful minority management teams and create
attractive financial returns." "As our clients respond to the
rapidly changing domestic demographics and the challenges of a
global marketplace, we find they are increasingly turning to best
practice advisors to help develop and deliver tailored diversity
and inclusion solutions," said Oris Stuart, managing partner of
Global Lead's Philadelphia office. "Our partnership with Goldman
Sachs UIG will accelerate our integration of cutting-edge research,
product development, technology and infrastructure to address the
increasing market interest in this business imperative." About
Global Lead Corporation: Global Lead Management Consulting is a
full-service management consulting firm dedicated to delivering the
highest quality products and services to help individuals and
organizations enhance their productivity. The company provides
consulting, training programs, e-learning solutions and products in
the areas of: diversity and inclusion, pairs and team development,
mentoring, human resources development, research, consumer/customer
development, supplier development, and strategic planning/process
improvement. Global Lead is based in Cincinnati, OH, with offices
in Baltimore, MD, and Philadelphia, PA. For additional information,
visit: www.globallead.com. About The Goldman Sachs Urban Investment
Group: The Goldman Sachs Urban Investment Group is a private equity
initiative within The Goldman Sachs Group, Inc. (NYSE: GS), that
invests capital in ethnic minority-owned or targeted businesses and
urban real estate. Founded in 1869, Goldman Sachs is a leading
global investment banking, securities and investment management
firm. The firm is headquartered in New York and maintains offices
in London, Frankfurt, Tokyo, Hong Kong and other major financial
centers around the world. Goldman Sachs also has offices in
Chicago, Washington D.C. and Philadelphia. To learn more about the
Goldman Sachs Urban Investment Group, please visit www.gs.com/uig.