Predict your next investment

Private Equity
gores.com

See what CB Insights has to offer

Investments

14

Portfolio Exits

25

Funds

4

Service Providers

3

About The Gores Group

The Gores Group is a Los Angeles based, global private equity firm specializing in acquiring and partnering with mature and growing businesses.

The Gores Group Headquarter Location

9800 Wilshire Boulevard

Beverly Hills, California, 90212,

United States

310-209-3010

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest The Gores Group News

Sonder Holdings Inc. and Gores Metropoulos II Announce Closing of Business Combination

Jan 19, 2022

share this article 1 min Sonder’s common stock to commence trading on the Nasdaq under ticker “SOND” on January 19 Approximately $310 million PIPE capital from leading investors including affiliates of Gores Metropoulos II, Fidelity Management & Research LLC, funds and accounts managed by subsidiaries of BlackRock, Inc., Atreides Management, LP, and Senator Investment Group Sonder to draw on $165 million in principal amount of Delayed Draw Notes following the closing of the business combination Advertisements SAN FRANCISCO & LOS ANGELES - Sonder Holdings Inc. (“Sonder'' or the “Company”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced that it completed its previously announced business combination with Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) (“GM II”), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC, and Metropoulos & Co. The business combination was approved at a special meeting of Gores Metropoulos II stockholders on January 14, 2022. The combined company will operate as Sonder Holdings Inc. and will commence trading its common stock and publicly traded warrants on the Nasdaq Global Select Market (“Nasdaq”) tomorrow under the ticker symbols “SOND” and “SONDW”, respectively. “While the travel industry has faced headwinds with the ongoing pandemic, Sonder has continued to grow at a rapid clip, proving the resiliency of our business model and demonstrating our ability to pivot quickly to address emerging trends and traveler needs. We delivered record quarterly revenue in both Q2 and Q3 and we remain aggressively optimistic on the future of travel,” said Francis Davidson, Co-Founder and Chief Executive Officer of Sonder. “Today is a historic moment for the entire Sonder team and a testament to how we’ve revolutionized the hospitality industry by reimagining and delivering what the modern traveler demands. We are really proud of what we’ve achieved to date and want to recognize the dedication of all Sonderites. We have an exceptional team in place to drive the next chapters of growth for our organization.” “We continue to lead and innovate with our tech-enabled offering, inspiring design, consistent quality, and compelling value that are the hallmarks of a great modern hospitality experience,” said Sanjay Banker, President and Chief Financial Officer of Sonder. “We appreciate our close partnership with the Gores team and with our business combination completed, Sonder now has a very strong balance sheet to aggressively pursue our ambitious growth strategy, revolutionize hospitality, and deliver long-term value to shareholders.” "We’re proud to have partnered with Sonder and look forward to supporting their next chapter of growth," said Ted Fike, Senior Managing Director at The Gores Group. “With a differentiated, tech-driven platform and unique value proposition, we’re confident that becoming a public company will enable Sonder to solidify its leading position as the hospitality brand of tomorrow.” Justin Wilson, Senior Managing Director at The Gores Group, added, "Sonder is a true disruptor in the travel space, with a proven ability to execute and deliver despite a very challenging period for the hospitality industry as a whole. We’re excited to watch them continue to expand and reshape guest stays at a global level.” Sonder will retain its experienced management team. Mr. Davidson will continue to serve as Co-Founder and CEO and Mr. Banker will continue to serve as President and CFO. Sonder will be scheduling a bell ringing ceremony with Nasdaq at a later date to formally celebrate its public listing. Advisors Goldman Sachs & Co. LLC served as exclusive financial advisor to Sonder. Wilson Sonsini Goodrich & Rosati, P.C. served as legal advisor to Sonder. Morgan Stanley & Co. LLC served as lead financial advisor and Deutsche Bank Securities Inc. and Citigroup served as capital markets advisors to GM II. Moelis & Company LLC acted as additional financial advisor to GM II. Weil, Gotshal & Manges LLP served as legal advisor to GM II. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup, and Deutsche Bank Securities Inc. served as joint lead placement agents on the PIPE. Latham & Watkins LLP is serving as legal advisor to the co-placement agents. About Gores Metropoulos II, Inc. Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Metropoulos & Co. whose Principals are Dean, Evan and Daren Metropoulos. Gores Metropoulos II was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Messrs. Gores and Metropoulos together have over 100 years of combined experience as entrepreneurs, operators and investors across diverse sectors including industrials, technology, media and entertainment, business services, healthcare and consumer products and services. Over the course of their careers, Messrs. Gores and Metropoulos and their respective teams have invested in more than 180 portfolio companies through varying macroeconomic environments with a consistent, operationally-oriented investment strategy. For more information, please visit www.gores.com . About Sonder Sonder is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options — from spacious rooms to fully-equipped suites and apartments — found in over 35 markets spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all. To learn more, visit www.sonder.com or follow Sonder on Facebook , Twitter or Instagram . Download the Sonder app on Apple or Google Play . Contact

The Gores Group Investments

14 Investments

The Gores Group has made 14 investments. Their latest investment was in Data Blue as part of their Private Equity on June 6, 2016.

CBI Logo

The Gores Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/16/2016

Private Equity

Data Blue

Yes

1

4/8/2014

Private Equity

Tweddle Group

Yes

1

9/18/2012

Portfolio Merger

Astadia

Yes

10/5/2011

Debt

Subscribe to see more

Subscribe to see more

0

6/1/2011

Growth Equity

Subscribe to see more

Subscribe to see more

10

Date

6/16/2016

4/8/2014

9/18/2012

10/5/2011

6/1/2011

Round

Private Equity

Private Equity

Portfolio Merger

Debt

Growth Equity

Company

Data Blue

Tweddle Group

Astadia

Subscribe to see more

Subscribe to see more

Amount

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

0

10

The Gores Group Portfolio Exits

25 Portfolio Exits

The Gores Group has 25 portfolio exits. Their latest portfolio exit was Tweddle Group on December 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/23/2021

Acquired

1

5/11/2021

Acquired - II

3

11/9/2020

Acq - Fin - II

1

4/12/2019

Acq - Fin

Subscribe to see more

Subscribe to see more

10

10/17/2018

Acq - Fin - II

Subscribe to see more

Subscribe to see more

10

Date

12/23/2021

5/11/2021

11/9/2020

4/12/2019

10/17/2018

Exit

Acquired

Acquired - II

Acq - Fin - II

Acq - Fin

Acq - Fin - II

Companies

Subscribe to see more

Subscribe to see more

Valuation

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

3

1

10

10

The Gores Group Acquisitions

40 Acquisitions

The Gores Group acquired 40 companies. Their latest acquisition was AMI Entertainment Network on July 27, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/27/2017

$99M

Acq - Fin

2

2/9/2017

$99M

Acquired Unit - Fin

1

2/3/2016

$99M

Acq - Fin

1

1/12/2015

Subscribe to see more

$99M

Subscribe to see more

10

9/17/2014

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/27/2017

2/9/2017

2/3/2016

1/12/2015

9/17/2014

Investment Stage

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

Acquired Unit - Fin

Acq - Fin

Subscribe to see more

Subscribe to see more

Sources

2

1

1

10

10

The Gores Group Fund History

4 Fund Histories

The Gores Group has 4 funds, including Gores Small Capitalization Partners LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/7/2012

Gores Small Capitalization Partners LP

Buyouts & Acquisitions

Closed

$300M

1

2/16/2011

Gores Capital Partners III LP

Subscribe to see more

Subscribe to see more

$99M

10

6/22/2007

Gores Capital Partners II LP

Subscribe to see more

Subscribe to see more

$99M

10

11/1/2001

Gores Capital Partners LP

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

3/7/2012

2/16/2011

6/22/2007

11/1/2001

Fund

Gores Small Capitalization Partners LP

Gores Capital Partners III LP

Gores Capital Partners II LP

Gores Capital Partners LP

Fund Type

Buyouts & Acquisitions

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Closed

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$300M

$99M

$99M

$99M

Sources

1

10

10

10

The Gores Group Service Providers

6 Service Providers

The Gores Group has 6 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Reverse Merger

Investment Bank

Financial Advisor

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Service Provider

Subscribe to see more

Subscribe to see more

Associated Rounds

Reverse Merger

Provider Type

Investment Bank

Subscribe to see more

Subscribe to see more

Service Type

Financial Advisor

Subscribe to see more

Partnership data by VentureSource

The Gores Group Team

31 Team Members

The Gores Group has 31 team members, including current Founder, Chief Executive Officer, Alec E. Gores.

Name

Work History

Title

Status

Alec E. Gores

Founder, Chief Executive Officer

Current

Joseph P. Page

Chief Operating Officer

Current

Andrew McBride

Senior Vice President

Current

Ted Fike

Senior Managing Director

Current

Mark R. Stone

Senior Managing Director

Current

Name

Alec E. Gores

Joseph P. Page

Andrew McBride

Ted Fike

Mark R. Stone

Work History

Title

Founder, Chief Executive Officer

Chief Operating Officer

Senior Vice President

Senior Managing Director

Senior Managing Director

Status

Current

Current

Current

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.