The Gores Group Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, The Gores Group has acquired 2 companies.

The Gores Group’s most common sectors for investment are information technology (22%) and communications (13%). The Firm’s most common investment types include divestiture (49%) and buyout (lbo, mbo, mbi) (23%). In total, The Gores Group has invested in 26 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired Enterasys Networks for $386M.

In the last 3 years, The Gores Group has exited 7 companies. The Firm’s most common exit type is trade sale (46%). The Gores Group’s largest (disclosed) exit occurred in 2015 when it sold Therakos for $1.3B.

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M&A Summary

  • M&A Total Activity133
    • M&A Buy Activity74
    • M&A Sell Activity59
  • Total Sectors Invested 24
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 69
  • M&A Advisors 7

The Gores Group

9800 Wilshire Blvd,
Beverly Hills, California 90212
United States
(310) 209-3010
www.gores.com

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. Founder Alec Gores is the older brother of Tom Gores, founder of similarly modeled private equity firm Platinum Equity. The Gores Group was formed in 1987 and has offices in Los Angeles, California; Boulder, Colorado; and London.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Automotive, Building Materials, Business Services, Communications, Consumer Products, Electrical Equipment, Electronics, Forest Products, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Machinery, Manufacturing, Media, Retail, Safety/Security, Software, Staffing, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.8/yr) # 70 2 2 - - - 74
vol $1.4B $1.4B
Sell (1.8/yr) # 50 2 4 2 1 - 59
vol $2.6B $2.6B
  133

Most Recent M&A

Company Date Value Type
Data Blue LLC 2019-04-12 - Secondary Buyout
Atlanta, Georgia · ww.data-blue.com
Elo Touch Solutions 2018-10-17 - Secondary Buyout
Menlo Park, California · www.elotouch.com
Astadia, Inc. 2018-07-31 - Secondary Buyout
Boston, Massachusetts · www.astadia.com
The Clark Group, Inc. 2017-11-29 - Add-on Acquisition
Trenton, New Jersey · www.clarkdistribution.net
Peoplenet Corp. 2017-11-29 - Add-on Acquisition
Atlanta, Georgia · www.peoplenet.com
AMI Entertainment Network, Inc. 2017-07-27 - Secondary Buyout
Bristol, Pennsylvania · www.amientertainment.com
Alpheus Communications LLC 2017-05-30 - Add-on Acquisition
Houston, Texas
Fotona d.o.o. 2017-04-20 - Secondary Buyout
Ljubljana, Slovenia · www.fotona.com
TurbineAero, Inc. 2017-02-09 - Divestiture
Chandler, Arizona · www.turbineaero.com
Data Blue LLC 2016-06-16 - Growth Capital
Atlanta, Georgia · ww.data-blue.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
GatesAir, Inc. 2013-02-04 Onetastic S.r.l 2019-05-31 1
Englewood, Colorado · www.gatesair.com Brescia, Italy · www.onetastic.com
TurbineAero, Inc. 2017-02-09 Triumph Group, Inc. - APU Piece Part Repair Business 2019-01-15 1
Chandler, Arizona · www.turbineaero.com Berwyn, Pennsylvania
VITAC Corp. 2016-02-02 Caption Colorado LLC 2017-01-25 1
Canonsburg, Pennsylvania · www.vitac.com Greenwood Village, Colorado · www.captioncolorado.com
Imagine Communications Corp. 2013-12-04 RGB Networks, Inc. 2015-01-26 3
Frisco, Texas · www.imaginecommunications.com Sunnyvale, California · www.rgbnetworks.com
Meridian Medical Management 2013-03-04 Origin Healthcare Solutions LLC 2014-12-11 1
Windsor, Connecticut · www.m3meridian.com Chicago, Illinois · www.originhs.com
Imagine Communications Corp. 2013-12-04 OpenTV - Advanced Advertising Business 2014-10-30 2
Frisco, Texas · www.imaginecommunications.com , United States
Imagine Communications Corp. 2013-12-04 Digital Rapids Corp. 2014-04-07 1
Frisco, Texas · www.imaginecommunications.com North York, Ontario · www.digitalrapids.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 1 (10%) - 16 (22%) 386M (27%)
Communications - - 9 (12%) -
Software - - 6 (8%) 350M (25%)
Business Services - - 5 (7%) 150M (11%)
Technology Hardware 1 (10%) - 4 (5%) 380M (27%)
Apparel/Textiles - - 4 (5%) -
Electrical Equipment - - 3 (4%) 100M (7%)
Automotive 1 (10%) - 3 (4%) -
Electronics 2 (20%) - 3 (4%) -
Distribution 1 (10%) - 2 (3%) -
Information Services - - 2 (3%) -
Internet Software and Services - - 2 (3%) -
Machinery - - 2 (3%) -
Medical Products - - 2 (3%) -
Transportation - - 2 (3%) -
Healthcare Services - - 1 (1%) 48M (3%)
Aerospace 1 (10%) - 1 (1%) -
Building Materials - - 1 (1%) -
Digital Media 1 (10%) - 1 (1%) -
Engineering - - 1 (1%) -
Food 1 (10%) - 1 (1%) -
Forest Products 1 (10%) - 1 (1%) -
Media - - 1 (1%) -
Retail - - 1 (1%) -
Total 10 - 74 $1.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (80%) - 61 (82%) 1.4B (100%)
  California - - 7 (9%) 380M (27%)
  Texas 1 (10%) - 6 (8%) 250M (18%)
  Florida - - 6 (8%) 350M (25%)
  Massachusetts - - 4 (5%) 386M (27%)
  Pennsylvania 2 (20%) - 3 (4%) -
  Michigan 1 (10%) - 3 (4%) -
  Alabama - - 3 (4%) 48M (3%)
  Georgia - - 3 (4%) -
  Colorado 1 (10%) - 2 (3%) -
  Arizona 1 (10%) - 2 (3%) -
  Virginia - - 2 (3%) -
  Ohio - - 2 (3%) -
  New York - - 2 (3%) -
  Illinois - - 2 (3%) -
  Idaho - - 2 (3%) -
  Washington 1 (10%) - 1 (1%) -
  Connecticut 1 (10%) - 1 (1%) -
  Tennessee - - 1 (1%) -
  South Carolina - - 1 (1%) -
  Rhode Island - - 1 (1%) -
  North Carolina - - 1 (1%) -
  New Jersey - - 1 (1%) -
  New Hampshire - - 1 (1%) -
  Missouri - - 1 (1%) -
  Iowa - - 1 (1%) -
Germany 1 (10%) - 4 (5%) -
United Kingdom 1 (10%) - 3 (4%) -
France - - 3 (4%) -
Canada - - 1 (1%) -
  Ontario - - 1 (1%) -
Netherlands - - 1 (1%) -
Slovenia - - 1 (1%) -
Domestic 8 (80%) - 61 (82%) 1.4B (100%)
Cross-border 2 (20%) - 13 (18%) -
Total 10 - 74 $1.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 8 (80%) - 36 (49%) 528M (37%)
Buyout (LBO, MBO, MBI) - - 17 (23%) -
Growth Capital 1 (10%) - 6 (8%) -
Secondary Buyout 1 (10%) - 5 (7%) -
Going Private - - 3 (4%) 386M (27%)
Special Situations/Distressed - - 3 (4%) 150M (11%)
Joint Venture - - 2 (3%) 350M (25%)
Stake Purchase - - 2 (3%) -
Total 10 - 74 $1.4B

Exits by Deal Type

Type Total # Value
Trade Sale 19 (32%) 93M (4%)
Trade Sale - Public Company 11 (19%) 2.5B (95%)
Secondary Sale 11 (19%) -
Sold to Management 6 (10%) -
IPO 4 (7%) -
Merger 3 (5%) -
Bankruptcy 2 (3%) -
Sold to Existing Investors 1 (2%) 30M (1%)
Shut Down 1 (2%) -
Stake Sale 1 (2%) -
Total 59 $2.6B

Top M&A Advisors

Financial Deals
Houlihan Lokey
1
UBS Investment Bank
1
Barclays Investment Bank
1
Legal Deals
Weil Gotshal & Manges LLP
3

Deal Values

buy # Total
$100M to $1B 4 $1.3B
< $100M 2 $148M
TOTAL $1.4B
Largest Enterasys Networks, Inc.
$386M (2006-02-16)
sell # Total
> $1B 1 $1.3B
$100M to $1B 3 $1.1B
< $100M 3 $183M
TOTAL $2.6B
Largest Therakos, Inc.
$1.3B (2015-08-10)

M&A Connections

Deals %
Acquired from
PE Firm(s)
15%
6 15%
Strategic(s)
85%
33 85%
Exited to
PE Firm(s)
34%
15 34%
Strategic(s)
66%
29 66%

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