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Top 10 posts

Trending on peHUB this week: Some big exits and improving fund returns have put venture capital back into the spotlight.

top 10 gray & red shutterstock_121959277

Top 10 posts

Trending on peHUB this week: Hot job openings at CalPERS, Gores and TPG, career advice, and Greycroft’s new growth fund.


Gores Group acquires majority stake in Hovis

In a joint venture with Premier Foods, Gores Group has acquired a 51 percent stake in UK flour and bread brand Hovis. Premier Foods will retain a 49 percent stake in the firm. According to terms of the deal, Gores will pay 30 million pounds for its controlling stake in Hovis. However, of that amount, 15 million pounds is “deferred and contingent on future business performance.” Also, Gores and Premier Foods have agreed to invest up to 45 million pounds in Hovis.

Tiburon Names Jonathan Huberman as Interim CEO

Tiburon, a San Ramon, Calif.-based maker of automated public safety and security software that is backed by the private equity firm Gores Group, has named the company’s board chair (and Gores managing director), Jonathan Huberman, as interim president and CEO. He replaces Michael Bealmear, who has served as Tiburon’s CEO since 2011.

Gores Group Acquires Idea Integration Corp.

The Gores Group, the L.A.-based private equity firm, has acquired the IT company Idea Integration Corporation from Adecco Group North America. Idea is based in Jacksonville, Fla. Terms of the acquisition were not disclosed. PRESS RELEASE: The Gores Group, a global investment firm, today announced that its Small Capitalization Partners fund has completed the acquisition […]

Pep Boys CFO Resigns

Ray Arthur, CFO of the Pep Boys, has resigned. Arthur will continue in his duties until June 29, the company said. The Pep Boys has hired Russell Reynolds to conduct a national search for his replacement. Earlier this year, the Gores Group called off a $791 million buy of the company. PRESS RELEASE The Pep […]

Gores’ Equinox Appoints Chairman and CEO

Equinox Payments, a high security electronic transactions solutions provider has named Patrick Hazel as chairman and chief executive officer of the company. Hazel has been a member of the Equinox board of directors since November, 2011. Equinox is a Gores Group portfolio company. PRESS RELEASE Equinox Payments, LLC, a leading high security electronic transactions solutions […]

Gores Portfolio Co Norment Hires CEO

Norment Security Group, a provider of comprehensive detention systems products and services has appointed Charles Veniez as chief executive officer and president. Norment is a Gores Group portfolio company. PRESS RELEASE Norment Security Group (“Norment”), the world leader in comprehensive detention systems products and services and a part of The Gores Group portfolio of companies, […]


Gores Group Raises $300 Mln with Small Cap Fund

The Gores Group said Wednesday that its fourth PE fund has raised $300 million. Gores Small Capitalization Partners L.P will target lower middle market businesses. Gores Capital Partners III L.P. will co-invest $100 million alongside the fund PRESS RELEASE The Gores Group, a leading Los Angeles-based investment firm, today announced the closing of its fourth […]

Gores Group to Buy Pep Boys

Pep Boys, the listed Philadelphia-based aftermarket automotive parts and service retail chain, will be acquired by The Gores Group in a $1 billion deal. BofA Merrill Lynch is acting as the exclusive financial advisor to Pep Boys and has provided a fairness opinion to the Board of Directors of Pep Boys in connection with the transaction. Morgan, Lewis & Bockius LLP is acting as legal advisor to Pep Boys. Credit Suisse Securities (USA) LLC, Barclays Capital, and Sagent Advisors are acting as financial advisors to The Gores Group. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to The Gores Group.

Gores Group Starts Raising Small Cap Fund

The Gores Group, a buyout firm that oversees $3.8 billion across three funds, has started raising a fourth fund to tap opportunities among distressed situations at the smaller end of the market. The new fund, the Gores Small Capitalization Fund LP, has a $300 million target.

Information about the new fund was contained in memos from the San Diego County Employees Retirement Association, which finalized a $30 million commitment to the new fund at its Dec. 15 investment meeting, confirmed Yegin Chen, San Diego CERA’s head of private equity, in an e-mail message.

Terms of San Diego CERA’s investment include…

Pawlenty Joins Tiburon Board

Tim Pawlenty, the former governor of Minnesota, has joined Tiburon’s board. Tiburon, which is backed by The Gores Group, provides public safety and security solutions for law enforcement, fire and rescue and corrections agencies.

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