Gores acquires US Farathane in partnership with management

Gores Group has acquired US Farathane Corporation in partnership with chief executive Andy Greenlee and several members of the management team. US Farathane provides the North American automotive industry with plastic injection-molded components. Evergreen Capital Partners co-invested in the deal.

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

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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, […]

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