Gores Group exits Unify

By Luisa Beltran — 3 weeks ago

The Gores Group said Wednesday it has completed the sale of Unify to Atos SE. Financial terms weren’t announced. Munich-based Unify was a joint venture between The Gores Group (51%) and Siemens AG (49%). Unify is an integrated communication solutions provider.


Gores Group-backed US Farathane buys Tepso

By Iris Dorbian — 4 weeks ago

US Farathane Corporation, which is backed by The Gores Group, has acquired Tepso Plastics Mex, a producer of engineered plastic injection molded components and assemblies for the automotive sector. No financial terms were disclosed.


Gores Group acquires majority stake in Hovis

By Iris Dorbian — 2 years ago

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

By Connie Loizos — 3 years ago

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.

By Connie Loizos — 4 years ago

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

By Luisa Beltran — 4 years ago

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 […]