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.
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Riordan Lewis & Haden used a RIDEA partnership to achieve a cash return of more than 10x its investment, while retaining a significant minority stake in one of its healthcare portfolio companies, says PE attorney Chris Manderson.
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
Siemens Enterprise, backed by the Gores Group, may go public this year.
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.