Sonder Holdings Acquires Gores Metropoulos II via Business Combination

Gores Holdings VIII and Footprint Announce Amended Terms for Business Combination

September 6, 2022

Manufacturing

Footprint and Gores Holdings VIII amended the terms of their previously announced definitive merger agreement amid developing market conditions, including revising the combined company’s estimated pro forma enterprise value to $1.0 billion from $1.6 billion. The update provides additional incremental capital sources—including a $300 million standby equity facility available upon closing—targeting approximately $960 million of capital delivered to Footprint for the business combination and future growth.

Gores Guggenheim and Polestar Complete Business Combination

June 23, 2022

Transportation

Polestar and SPAC sponsor Gores Guggenheim completed their previously announced business combination, with the combined company retaining the Polestar name. Polestar began trading on Nasdaq on June 24, 2022 under the ticker symbol “PSNY.”

SES Holdings Acquires Public Listing via Business Combination with Ivanhoe Capital Acquisition Corp

February 3, 2022

Manufacturing

SES Holdings Pte. Ltd. (SES) combined with SPAC Ivanhoe Capital Acquisition Corp. in a deal that was approved by Ivanhoe shareholders on February 1, 2022 and closed on February 3, 2022. The combined company began trading on the New York Stock Exchange on February 4, 2022 under the ticker symbol “SES,” following an upsized $275 million common stock PIPE supported by multiple global automakers and strategic investors.

Golden Triangle Ventures Acquires Sonder Fulfillment

June 10, 2021

Consumer Products

Golden Triangle Ventures, Inc. (GTVH) announced the full acquisition of Sonder Fulfillment, LLC, a hemp/CBD product manufacturer and white-label fulfillment provider. The acquisition brings Sonder’s formulation, supply-chain relationships and manufacturing capabilities into GTV’s health division to expand product offerings, distribution and international reach.

Garrison Capital Inc. to Merge with Portman Ridge Finance Corporation

June 23, 2020

Financial Services

Garrison Capital Inc. (Nasdaq: GARS) will merge with and into Portman Ridge Finance Corporation (Nasdaq: PTMN) under a definitive agreement approved by both boards. The combined company will be externally managed by Sierra Crest Investment Management (an affiliate of BC Partners) and is expected to deliver scale benefits, operational synergies and immediate accretion to net investment income per share; GARS stockholders will receive a mix of cash and PTMN shares plus a $5.0 million aggregate additional cash payment from Sierra Crest.

Gores Holdings III Completes Acquisition of PAE; Combined Company Renamed PAE Incorporated

November 1, 2019

Government & Public Sector

Gores Holdings III, a SPAC sponsored by The Gores Group, completed its acquisition of Platinum Equity portfolio company PAE and the combined company was renamed PAE Incorporated and began trading on Nasdaq under PAE and PAEWW. The transaction valued PAE at an approximate $1.55 billion enterprise value and was funded with Gores Holdings III trust cash plus a $220 million private placement led by Alec Gores, with Platinum Equity affiliates retaining a meaningful stake in the new public company.