Case Studies

Below is a selection of representative transactions that illustrate our investment strategies*

Therakos

CASE STUDY: THERAKOS – A COMPLEX CORPORATE CARVE-OUT WITHIN THE HEALTHCARE SECTOR

In December 2012, The Gores Group acquired Therakos, a medical device-drug company, from Ortho Clinical Diagnostics, a former subsidiary of Johnson & Johnson. Gores recruited a management team with more than 20 years of experience in the healthcare space and executed a complex carve-out to establish Therakos as a scalable, stand-alone company in just over a year.

CASE STUDY: UNITED ROAD – OUTPERFORMING THROUGH THE DOWNTURN

The Gores Group acquired United Road Services in November 2007 and provided the capital and operational resources necessary to grow the company in revenue and gain market share during one of the greatest automotive downturns in history.
United Road Case Study
Stock Case Study

CASE STUDY: STOCK BUILDING – IPO POST HOUSING CRISIS

Gores acquired Stock Building Supply from Wolseley plc in May 2009. At the time of acquisition, the business had been losing more than $200 million in EBITDA per annum. Gores partnered with the management team to steer Stock through an unprecedented housing crisis, ultimately pricing a successful IPO in August 2013.

CASE STUDY: SAGEM COMMUNICATIONS – SUCCESSFUL CARVE-OUT IN EUROPE

In January 2008, The Gores Group carved-out Sagem Communications (“Sagemcom”) from Safran SA to establish one of France’s premier technology companies. Under Gores’ guidance, Sagemcom increased revenue from 2007 to 2010 and expanded market share in both European and global markets.
Sagemcom Case Study
Lineage Case Study

CASE STUDY: LINEAGE POWER – COMPLEX CARVE-OUT

In December 2007, The Gores Group acquired 100% of TE Connectivity’s (formerly Tyco Electronics) Power Systems which comprised two entities: Lineage Power and Vincotech. Through a complex carve-out process that involved 43 locations around the world, Gores created two standalone businesses and ultimately improved EBITDA.

CASE STUDY: HAY – SUCCESSFUL GLOBAL EXPANSION

In partnership with Gores, Hay established itself as a global leader in the forging and machining space and as a significantly expanded business given its growth both organic and through acquisition.
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Therakos

CASE STUDY: THERAKOS – A COMPLEX CORPORATE CARVE-OUT WITHIN THE HEALTHCARE SECTOR

In December 2012, The Gores Group acquired Therakos, a medical device-drug company, from Ortho Clinical Diagnostics, a former subsidiary of Johnson & Johnson. Gores recruited a management team with more than 20 years of experience in the healthcare space and executed a complex carve-out to establish Therakos as a scalable, stand-alone company in just over a year.
United Road Case Study

CASE STUDY: UNITED ROAD – OUTPERFORMING THROUGH THE DOWNTURN

The Gores Group acquired United Road Services in November 2007 and provided the capital and operational resources necessary to grow the company in revenue and gain market share during one of the greatest automotive downturns in history.
Stock Case Study

CASE STUDY: STOCK BUILDING – IPO POST HOUSING CRISIS

Gores acquired Stock Building Supply from Wolseley plc in May 2009. At the time of acquisition, the business had been losing more than $200 million in EBITDA per annum. Gores partnered with the management team to steer Stock through an unprecedented housing crisis, ultimately pricing a successful IPO in August 2013.
Sagemcom Case Study

CASE STUDY: SAGEM COMMUNICATIONS – SUCCESSFUL CARVE-OUT IN EUROPE

In January 2008, The Gores Group carved-out Sagem Communications (“Sagemcom”) from Safran SA to establish one of France’s premier technology companies. Under Gores’ guidance, Sagemcom increased revenue from 2007 to 2010 and expanded market share in both European and global markets.
Lineage Case Study

CASE STUDY: LINEAGE POWER – COMPLEX CARVE-OUT

In December 2007, The Gores Group acquired 100% of TE Connectivity’s (formerly Tyco Electronics) Power Systems which comprised two entities: Lineage Power and Vincotech. Through a complex carve-out process that involved 43 locations around the world, Gores created two standalone businesses and ultimately improved EBITDA.
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CASE STUDY: HAY – SUCCESSFUL GLOBAL EXPANSION

In partnership with Gores, Hay established itself as a global leader in the forging and machining space and as a significantly expanded business given its growth both organic and through acquisition.

* The investments listed above represent a selection of current and past portfolio companies of TGG Partnerships in the industry sectors and transaction types in which The Gores Group currently seeks to invest. No assumptions should be made about the profitability of any of the investments highlighted, which have been selected to give representative examples of the types of investments made by The Gores Group. For a full list of transactions executed by TGG Partnerships, please see our All Portfolio page. Past performance is not an indicator of future results.