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The Gores Group

Full company profile

uuid0003z9f

Namestring
The Gores Group
Legal namestring
The Gores Group LLC
Websiteurl
gores.com
Company typeenum
Private
Founded yearint
1987
Descriptiontext

The Gores Group is a global private equity firm founded in 1987 by Alec Gores and headquartered in Beverly Hills, California, with an additional office in Boulder, Colorado. The firm acquires and partners with differentiated businesses across industrial, technology, healthcare, consumer products, and business services, with equity investment sizes ranging from $200 million (small-cap and family-office investments) up to $3 billion in holding-company investments. Gores has completed more than 125 acquisitions since its founding and operates three flagship institutional funds — GCP I ($400M, 2004), GCP II ($1.3B, 2007), and GCP III ($2.1B, 2011) — supplemented by Gores Small Capitalization Partners ($300M, 2012) and the Gores Private Investment Office (2018).

Since 2015, the firm has extended its model into Special Purpose Acquisition Companies (SPACs), sponsoring eleven plus Gores Holdings vehicles, Gores Guggenheim (in partnership with Guggenheim Capital), Gores Metropoulos, and Gores Technology Partners. These SPAC vehicles, with aggregate trust capital exceeding $5 billion, have enabled notable business combinations including United Wholesale Mortgage (the largest SPAC combination to date), Polestar ($20 billion enterprise value), Matterport, Ardagh Metal Packaging, Luminar, and Verra Mobility. The firm generates revenue through management fees on committed fund capital, carried interest on realized investments, and SPAC sponsorship economics, and it derives its competitive position from founder Alec Gores's 35+ years of experience, operational expertise in complex carve-outs and turnarounds, and an established brand across major financial media.

Short descriptiontext

The Gores Group is a global private equity firm founded in 1987 by Alec Gores that acquires and partners with differentiated businesses in industrial, technology, healthcare, and consumer sectors, and sponsors SPAC vehicles enabling public market access for portfolio companies.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersBeverly Hills, United States
HQ citystring
Beverly Hills
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
private equity investments, SPAC sponsorship, portfolio acquisitions, corporate carve-outs, leveraged buyouts
Industry3 codes
1Corporate Venture Capital (CVC)
CodeFSANAAAFPrimaryYes
2Joint Venture CVC / Consortium Funds (Multi-corporate)
CodeFSANAHAEPrimaryNo
3Corporate Strategic Partnership & Ecosystem Investment Arms
CodeFSANAHAFPrimaryNo
NAICS code2 codes
  • Finance and Insurance52
  • Open-End Investment Funds525910
SIC code1 code
  • Security Brokers, Dealers & Flotation Companies6211
Product category
Private Equity and SPAC Sponsorship
No data
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

The Gores Group is a global private equity investment firm that acquires and partners with differentiated businesses through its Gores Capital Partners funds (typically $500M–$3B equity investments) and sponsors Special Purpose Acquisition Companies (SPACs) that take private companies public through business combinations. The firm targets industrial, technology, healthcare, consumer, and business services sectors, with a focus on complex carve-outs, turnarounds, and SPAC transactions with target enterprise values from $1B to $30B.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 125+ acquisitions completed since 1987
+1 more record
Product overview1 text field

The Gores Group is a global private equity and investment firm that operates as a single unified investment platform rather than a product-based company. The firm's core offering consists of private equity investments and Special Purpose Acquisition Companies (SPACs). Their investment approach encompasses two main strategies: (1) Private Investments including Family Office investments (up to $200 million equity) and Holding Company investments ($500 million to $3 billion equity) targeting differentiated businesses in Industrial, Technology, Consumer, and Healthcare sectors; and (2) Public Ready Investments through SPAC vehicles targeting companies with enterprise values from $1 to $30 billion. Notable SPAC products include Gores Holdings XI, Gores Holdings X, Gores Guggenheim, and various numbered Gores Holdings vehicles (IV through XI), which have enabled portfolio companies like Polestar, Luminar, Matterport, United Wholesale Mortgage, Ardagh Metal Packaging, and Hostess Brands to access public markets through business combinations.

Product and service5 records
1Gores Capital Partners III (GCP III)
CategoryPrivate Equity Fund
Description

The Gores Group's third flagship institutional private equity fund, raising $2.1 billion in capital commitments from institutional investors for equity investments in differentiated businesses with stable free cash flow profiles.

2Gores Small Capitalization Partners
CategoryPrivate Equity Fund
Description

A $300 million small-cap private equity fund for up to $200 million equity investments in mature businesses, complementing Gores' flagship GCP funds.

3Gores Private Investment Office
CategoryFamily Office Investment Vehicle
Description

A private investment office primarily investing on behalf of the Gores family and like-minded co-investors, added to the Gores platform in 2018.

4Gores Holdings XI, Inc.
CategorySPAC (Special Purpose Acquisition Company)
Description

Special Purpose Acquisition Company (SPAC) sponsored by an affiliate of The Gores Group, structured to pursue mergers, share exchanges, asset acquisitions, or similar business combinations with one or more target companies.

5Gores Holdings X, Inc.
CategorySPAC (Special Purpose Acquisition Company)
Description

Special Purpose Acquisition Company (SPAC) sponsored by an affiliate of The Gores Group that completed an upsized $358.8 million initial public offering and is structured to pursue a business combination with one or more target companies.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeImplementation/ SI/ Consulting PartnerAnnounced on2025-08-12
Description

Greenberg Traurig added Joe Awad as shareholder, who spent over 20 years as VP and general counsel at The Gores Group. Awad brings expertise in private equity, M&A, and SPAC transactions, serving clients across manufacturing, food and beverage, aerospace and defense, and industrial distribution sectors.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2008-01-01
Description

Entered into joint venture with Siemens AG in 2008, further establishing Gores' reputation in Europe. The partnership involved growing Siemens Enterprise Communications (SEN), combining Gores' operational expertise with Siemens' technology and market position.

Recent move27 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Largest alternative asset manager in the world with a major private equity franchise spanning corporate buyouts and large carve-outs. Comparable to Gores in fundraising scale and ability to operate across the deal-size spectrum.

TypeBroad incumbent
Description

Global alternative asset manager with a large flagship PE strategy, multiple sector-focused vehicles, and an active SPAC franchise. Comparable to Gores through scaled fundraising, multi-asset investing, and recurring public-market exit capabilities.

TypeBroad incumbent
Description

Global alternative asset manager with a flagship corporate PE strategy across tech, healthcare, consumer, and industrials. Comparable to Gores through diversified sector coverage and continued capital markets execution.

TypeDirect peer
Description

Early-2020s serial SPAC sponsor with multiple high-profile de-SPACs. Comparable to Gores as a focused SPAC-sponsorship platform targeting $1B-$30B enterprise value business combinations.

TypeDirect peer
Description

Operationally-focused PE firm specializing in complex carve-outs, divestitures, and turnaround situations. Closely comparable to Gores' stated "buy, fix and sell" approach and deep carve-out expertise.

TypeBroad incumbent
Description

Large global PE firm with diversified sector coverage across industrial, technology, healthcare, and consumer that closely mirrors Gores' investing verticals and carve-out orientation.

TypeBroad incumbent
Description

One of the world's largest alternative asset managers with a significant private equity franchise and a parallel history as the largest single SPAC sponsor by capital raised. Directly comparable to Gores given overlap in complex carve-outs and SPAC sponsorship.

TypeDirect peer
Description

Operationally-focused PE firm specializing in complex carve-outs and government/defense-adjacent transactions (e.g., PAE). Gores acquired PAE from Platinum Equity via SPAC, and Veritas sits in a directly comparable niche of acquiring divested and complex operating businesses.

TypeDirect peer
Description

Operationally-driven PE firm focused on corporate carve-outs, complex situations, and turnaround investing, with comparable cheque sizes and a similar industrial/consumer portfolio tilt to Gores.

TypeBroad incumbent
Description

Global alternative asset manager with private equity as a core strategy and sector breadth across industrial, technology, healthcare, and consumer — directly comparable to Gores' sector focus and deal-size range.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A19 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment7 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

The Gores Group

Private Equity and SPAC Sponsorshipgores.com

The Gores Group is a global private equity firm founded in 1987 by Alec Gores that acquires and partners with differentiated businesses in industrial, technology, healthcare, and consumer sectors, and sponsors SPAC vehicles enabling public market access for portfolio companies.

What The Gores Group does

The Gores Group is a global private equity firm founded in 1987 by Alec Gores and headquartered in Beverly Hills, California, with an additional office in Boulder, Colorado. The firm acquires and partners with differentiated businesses across industrial, technology, healthcare, consumer products, and business services, with equity investment sizes ranging from $200 million (small-cap and family-office investments) up to $3 billion in holding-company investments. Gores has completed more than 125 acquisitions since its founding and operates three flagship institutional funds — GCP I ($400M, 2004), GCP II ($1.3B, 2007), and GCP III ($2.1B, 2011) — supplemented by Gores Small Capitalization Partners ($300M, 2012) and the Gores Private Investment Office (2018).

Since 2015, the firm has extended its model into Special Purpose Acquisition Companies (SPACs), sponsoring eleven plus Gores Holdings vehicles, Gores Guggenheim (in partnership with Guggenheim Capital), Gores Metropoulos, and Gores Technology Partners. These SPAC vehicles, with aggregate trust capital exceeding $5 billion, have enabled notable business combinations including United Wholesale Mortgage (the largest SPAC combination to date), Polestar ($20 billion enterprise value), Matterport, Ardagh Metal Packaging, Luminar, and Verra Mobility. The firm generates revenue through management fees on committed fund capital, carried interest on realized investments, and SPAC sponsorship economics, and it derives its competitive position from founder Alec Gores's 35+ years of experience, operational expertise in complex carve-outs and turnarounds, and an established brand across major financial media.

The Gores Group firmographics

Firmographics
Name
The Gores Group
Legal name
The Gores Group LLC
Website
https://gores.com
Company type
Private
Founded year
1987
Operating status
Operating
Headcount range
51–100 employees
Short description
The Gores Group is a global private equity firm founded in 1987 by Alec Gores that acquires and partners with differentiated businesses in industrial, technology, healthcare, and consumer sectors, and sponsors SPAC vehicles enabling public market access for portfolio companies.
Ownership category
akta.pro rank

The Gores Group industry classification

Industry
Product category
Private Equity and SPAC Sponsorship
NAICS
Finance and Insurance (52), Open-End Investment Funds (525910)
SIC
Security Brokers, Dealers & Flotation Companies (6211)
akta.pro primary industry
Corporate Venture Capital (CVC) (FSANAAAF)
akta.pro secondary industries
Joint Venture CVC / Consortium Funds (Multi-corporate) (FSANAHAE), Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

Keywords

  • Private equity investments
  • SPAC sponsorship
  • Portfolio acquisitions
  • Corporate carve-outs
  • Leveraged buyouts

Where The Gores Group is headquartered

Location

Headquarters

HQ city
Beverly Hills
HQ country
United States
HQ region
North America

Offices2 records

Markets served

The Gores Group business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Distribution channels2 records

Marketing channels4 records

The Gores Group product offering

Product offering

Core offering

The Gores Group is a global private equity investment firm that acquires and partners with differentiated businesses through its Gores Capital Partners funds (typically $500M–$3B equity investments) and sponsors Special Purpose Acquisition Companies (SPACs) that take private companies public through business combinations. The firm targets industrial, technology, healthcare, consumer, and business services sectors, with a focus on complex carve-outs, turnarounds, and SPAC transactions with target enterprise values from $1B to $30B.

Product overview

The Gores Group is a global private equity and investment firm that operates as a single unified investment platform rather than a product-based company. The firm's core offering consists of private equity investments and Special Purpose Acquisition Companies (SPACs). Their investment approach encompasses two main strategies: (1) Private Investments including Family Office investments (up to $200 million equity) and Holding Company investments ($500 million to $3 billion equity) targeting differentiated businesses in Industrial, Technology, Consumer, and Healthcare sectors; and (2) Public Ready Investments through SPAC vehicles targeting companies with enterprise values from $1 to $30 billion. Notable SPAC products include Gores Holdings XI, Gores Holdings X, Gores Guggenheim, and various numbered Gores Holdings vehicles (IV through XI), which have enabled portfolio companies like Polestar, Luminar, Matterport, United Wholesale Mortgage, Ardagh Metal Packaging, and Hostess Brands to access public markets through business combinations.

Differentiator

Problem solved

Functional benefit

Products and services

  • Gores Capital Partners III (GCP III) The Gores Group's third flagship institutional private equity fund, raising $2.1 billion in capital commitments from institutional investors for equity investments in differentiated businesses with stable free cash flow profiles.
  • Gores Small Capitalization Partners A $300 million small-cap private equity fund for up to $200 million equity investments in mature businesses, complementing Gores' flagship GCP funds.
  • Gores Private Investment Office A private investment office primarily investing on behalf of the Gores family and like-minded co-investors, added to the Gores platform in 2018.
  • Gores Holdings XI, Inc. Special Purpose Acquisition Company (SPAC) sponsored by an affiliate of The Gores Group, structured to pursue mergers, share exchanges, asset acquisitions, or similar business combinations with one or more target companies.
  • Gores Holdings X, Inc. Special Purpose Acquisition Company (SPAC) sponsored by an affiliate of The Gores Group that completed an upsized $358.8 million initial public offering and is structured to pursue a business combination with one or more target companies.

Quantifiable outcome

  • 125+ acquisitions completed since 1987
  • +1 more outcomes

Companies that use The Gores Group

Customer profile

Segments3 records

Ideal customer profiles3 records

The Gores Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

The Gores Group partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • Greenberg TraurigminorImplementation/ SI/ Consulting Partner · 12 August 2025Greenberg Traurig added Joe Awad as shareholder, who spent over 20 years as VP and general counsel at The Gores Group. Awad brings expertise in private equity, M&A, and SPAC transactions, serving clients across manufacturing, food and beverage, aerospace and defense, and industrial distribution sectors.
  • Siemens AGcoreStrategic or Co-development Partner · 1 January 2008Entered into joint venture with Siemens AG in 2008, further establishing Gores' reputation in Europe. The partnership involved growing Siemens Enterprise Communications (SEN), combining Gores' operational expertise with Siemens' technology and market position.

Scale indicators6 records

Recent moves27 records

Expansion highlights5 records

The Gores Group competitors and assessment

Company assessment

Broad incumbents

  • Blackstone: Largest alternative asset manager in the world with a major private equity franchise spanning corporate buyouts and large carve-outs. Comparable to Gores in fundraising scale and ability to operate across the deal-size spectrum.
  • KKR & Co. Global alternative asset manager with a large flagship PE strategy, multiple sector-focused vehicles, and an active SPAC franchise. Comparable to Gores through scaled fundraising, multi-asset investing, and recurring public-market exit capabilities.
  • TPG: Global alternative asset manager with a flagship corporate PE strategy across tech, healthcare, consumer, and industrials. Comparable to Gores through diversified sector coverage and continued capital markets execution.
  • The Carlyle Group: Large global PE firm with diversified sector coverage across industrial, technology, healthcare, and consumer that closely mirrors Gores' investing verticals and carve-out orientation.
  • Apollo Global Management: One of the world's largest alternative asset managers with a significant private equity franchise and a parallel history as the largest single SPAC sponsor by capital raised. Directly comparable to Gores given overlap in complex carve-outs and SPAC sponsorship.
  • Bain Capital: Global alternative asset manager with private equity as a core strategy and sector breadth across industrial, technology, healthcare, and consumer — directly comparable to Gores' sector focus and deal-size range.

Direct peers

  • CC Capital (Chamath Palihapitiya): Early-2020s serial SPAC sponsor with multiple high-profile de-SPACs. Comparable to Gores as a focused SPAC-sponsorship platform targeting $1B-$30B enterprise value business combinations.
  • Platinum Equity: Operationally-focused PE firm specializing in complex carve-outs, divestitures, and turnaround situations. Closely comparable to Gores' stated "buy, fix and sell" approach and deep carve-out expertise.
  • Veritas Capital: Operationally-focused PE firm specializing in complex carve-outs and government/defense-adjacent transactions (e.g., PAE). Gores acquired PAE from Platinum Equity via SPAC, and Veritas sits in a directly comparable niche of acquiring divested and complex operating businesses.
  • Cerberus Capital Management: Operationally-driven PE firm focused on corporate carve-outs, complex situations, and turnaround investing, with comparable cheque sizes and a similar industrial/consumer portfolio tilt to Gores.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

The Gores Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

The Gores Group leadership team

Management profile

Number of profiles

Profiles10 records

The Gores Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

The Gores Group M&A and investment

M&A and investment

M&A19 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Gores Group

What does The Gores Group do?

The Gores Group is a global private equity investment firm that acquires and partners with differentiated businesses through its Gores Capital Partners funds (typically $500M–$3B equity investments) and sponsors Special Purpose Acquisition Companies (SPACs) that take private companies public through business combinations. The firm targets industrial, technology, healthcare, consumer, and business services sectors, with a focus on complex carve-outs, turnarounds, and SPAC transactions with target enterprise values from $1B to $30B.

Is The Gores Group a public or private company?

The Gores Group is a private company. It is classified as family owned and is currently operating.

When was The Gores Group founded?

The Gores Group was founded in 1987. It employs 51 to 100 people.

Where is The Gores Group based?

The Gores Group is headquartered in Beverly Hills, United States, in the North America region.

Who are The Gores Group's main competitors?

Broad incumbents on record are Blackstone, KKR & Co., TPG, The Carlyle Group, Apollo Global Management and Bain Capital. Direct peers are CC Capital (Chamath Palihapitiya), Platinum Equity, Veritas Capital and Cerberus Capital Management.

Does The Gores Group have an API?

No public API is recorded for The Gores Group.

What industry is The Gores Group in?

The Gores Group's product category is Private Equity and SPAC Sponsorship. Its primary akta.pro industry code is FSANAAAF, Corporate Venture Capital (CVC), with a secondary code of FSANAHAE, Joint Venture CVC / Consortium Funds (Multi-corporate). Its NAICS code is 52 and its SIC code is 6211.

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Live signals
AmientertainmentAMI Entertainment is Acquired by The Gores GroupThe Gores Group completed its acquisition of AMI Entertainment, a digital jukebox and video system maker. AMI serves over 30,000 locations in North America and Europe, and Gores acquired it through its Small Capitalization Partners fund. The deal aims to support AMI's growth and product development.Renaissance CapitalThe Gores Group's SPAC Gores Holdings XII files for a $312 million IPOThe Gores Group's SPAC Gores Holdings XII filed for a $312 million IPO to raise funds for potential acquisitions across various industries. The company plans to list on Nasdaq with a focus on sectors like technology, healthcare, and media.AijournGreenberg Traurig Advises The Gores Group on Sale of Imagine Communications to Lumine GroupGreenberg Traurig advised The Gores Group on the sale of its portfolio company Imagine Communications Holdings Inc. to Lumine Group Inc., a media and communications software acquirer. The acquisition deepens Lumine Group's presence across the media supply chain domain, according to the company's press release. The deal was announced on July 16, 2026.BitlyGreenberg Traurig Advises The Gores Group on Sale of Imagine Communications to Lumine GroupThe Gores Group sold its portfolio company Imagine Communications Holdings Inc. to Lumine Group Inc., a media and communications software acquirer listed on the TSX Venture Exchange. The acquisition deepens Lumine Group's presence across the media supply chain by adding video connectivity solutions, channel origination software and hardware, and advertising management and monetization solutions. Greenberg Traurig served as legal advisor to The Gores Group in the transaction.PR NewswireGreenberg Traurig Advises The Gores Group on Sale of Imagine Communications to Lumine GroupGreenberg Traurig advised The Gores Group on the sale of its portfolio company Imagine Communications Holdings Inc. to Lumine Group Inc., a media and communications software acquirer. The acquisition deepens Lumine Group's presence across the media supply chain domain, according to the company's press release. Lumine Group operates under a "buy-and-hold-forever" business philosophy and trades on the TSXV under the ticker LMN.GurufocusGores Holdings XI, Inc. Announces Closing of $358.8 Million InitGores Holdings XI, Inc., a blank check company sponsored by an affiliate of The Gores Group, LLC, announced the closing of its initial public offering of 35,880,000 units at $10.00 per unit, generating gross proceeds of $358.8 million before deducting underwriting discounts and commissions. The units began trading on the Nasdaq Global Market under the ticker symbol "GHXIU" on June 23, 2026, with each unit consisting of one Class A ordinary share and one-fourth of one warrant. Santander acted as the sole underwriter for the offering, which was made pursuant to a registration statement that became effective on June 22, 2026.Financial PostGores Holdings XI, Inc. Announces Closing of $358.8 Million Initial Public Offering and Full Exercise of Over-Allotment OptionGores Holdings XI, Inc., a blank check company sponsored by an affiliate of The Gores Group, LLC, announced the closing of its initial public offering of 35,880,000 units at $10.00 per unit, raising $358.8 million in gross proceeds with the full exercise of the underwriter's over-allotment option. The units began trading on the Nasdaq Global Market under the ticker symbol "GHXIU" on June 23, 2026, with each unit comprising one Class A ordinary share and one-fourth of one warrant exercisable at $11.50 per share. The SPAC was formed for the purpose of entering into a merger, share exchange, asset acquisition, or similar business combination with one or more businesses.AInvestGores Holdings XI, Inc. announces closing of $358.8 million initial public offering and full exercise of over-allotment optionGores Holdings XI, Inc., a special purpose acquisition company sponsored by an affiliate of The Gores Group, has closed its $358.8 million initial public offering, with underwriter Santander fully exercising its 45-day over-allotment option. The company priced 31.2 million units at $10.00 each, with each unit comprising one Class A ordinary share and one-fourth of one warrant, and began trading on the Nasdaq Global Market under ticker symbol "GHXIU" on June 23, 2026. As a SPAC, Gores Holdings XI, Inc. is structured to pursue a merger, acquisition, or similar business combination with one or more target companies.Stock TitanGores Holdings XI closes $358.8M IPOGores Holdings XI, Inc., a blank check company sponsored by The Gores Group, LLC, announced the closing of its initial public offering of 35,880,000 units at $10.00 per unit. The offering generated gross proceeds of $358.8 million, including units issued from the full exercise of the underwriter's over-allotment option. The units began trading on the Nasdaq Global Market under the ticker symbol "GHXIU" on June 23, 2026.Renaissance CapitalThe Gores Group's SPAC Gores Holdings XI prices $312 million IPOGores Holdings XI, a blank check company formed by The Gores Group, priced its IPO at $312 million by offering 31.2 million units at $10 each on Nasdaq under the symbol GHXIU. The SPAC is led by Chairman Alec Gores and CEO Mark Stone, and plans to target industries including industrials, technology, telecom, media and entertainment, business services, healthcare, and consumer products. The Gores Group has sponsored multiple previous SPACs, including Polestar and Sonder, though both experienced significant declines from their offer prices.