Investment Summary

Exits Somero Enterprises

On November 1, 2006, invested in machinery company Somero Enterprises from The Gores Group

Investment Highlights
  • This is transaction in the Machinery sector.
  • This is transaction in the United States.
  • This is transaction in Florida.

Investment Summary

Date 2006-11-01
Target Somero Enterprises
Sector Machinery
Sellers(s) The Gores Group
Deal Type IPO

Target

Somero Enterprises

Fort Myers, Florida, United States
website
Somero Enterprises is a manufacturer of technologically advanced concrete placing equipment and associated machinery. Somero Enterprises was founded in 1985 and is based in Fort Myers, Florida.

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Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 19 of 64
Sector (Machinery) 1 of 2
Type (IPO) 3 of 4
State (Florida) 2 of 6
Country (United States) 15 of 50
Year (2006) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 Revere

Birmingham, Alabama, United States

Revere, Inc. is a provider of Enterprise Asset Management / Computerized Maintenance Management Systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-19 Diagnostic Health

Birmingham, Alabama, United States

Diagnostic Health Corporation is a stand-alone provider of diagnostic imaging services with 53 freestanding locations in 19 states across the country. DHC facilities offer a combination of outpatient diagnostic imaging services, including MRI, CT, X-ray, ultrasound, mammography, fluoroscopy, and nuclear medicine services.

Buy $48M