Company type | Private |
---|---|
Industry | Financial services Asset management |
Founded | 1987 |
Founder | Alec Gores, chairman & CEO |
Headquarters | Beverly Hills, California, United States |
Products | Private equity |
Website | www.gores.com |
The Gores Group, LLC is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores. [1]
Headquartered in Beverly Hills, California, with an office in Boulder, Colorado, and is investing from Gores Capital Partners III, L.P. and Gores Small Capitalization Partners, L.P., which have approximately $1.5 billion and $300 million in capital commitments, respectively. Since 1987, Gores has successfully acquired and operated more than 80 companies. [2]
The company's portfolio as of 2021, includes technology, telecommunications, business services, industrial, media and entertainment and consumer products companies. [3]
In 1978, Alec Gores founded Executive Business Systems, a hardware and software distributor, which he sold eight years later to establish what has become the Gores Group today. [4]
Gores closed its first institutional private equity fund, Gores Capital Partners, L.P., in November 2003 with $400 million of committed capital. [5] The firm's second fund, Gores Capital Partners II, L.P. held a final closing in June 2007 with $1.3 billion of committed capital. [6]
Current (2024)
Select Exited
Beginning in 2015, Gores Holdings was announced, specializing in special-purpose acquisition companies (SPACs). [38] It was credited with starting the SPAC revival with their first SPAC transaction in Hostess Brands. [39] Gores is considered one of the most prolific investors in the SPAC space, having created 13 SPACs, more than any other single investor, [40] and The Gores Group is considered a premier SPAC sponsor. [41] [42] [43]
Gores announced or completed more than seven SPAC transactions representing over $36 billion in transaction value. [44]
Gores launched Gores Holdings VII and Gores Holdings VIII in 2021, [55] and publicly filed for Gores Technology Partners and Gores Technology Partners II, [56] as well as Gores Guggenheim, [57] the latter in partnership with Guggenheim Partners.
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