(Note: Gores Holdings X, Inc. withdrew its plans for its SPAC IPO in an SEC filing dated Oct. 13, 2022. The blank check company had filed its S-1 in December 2021.) 

We intend to capitalize on the ability of our management team to identify, acquire and manage a business that can benefit from our operational expertise, as members of our management team have done in diverse sectors, including industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products. This operationally oriented investment approach has served The Gores Group well since its founding in 1987.

Our team is led by Alec Gores, our chairman, who has more than 35 years of experience as an entrepreneur, operator and private equity investor. Over the course of his career, Mr. Gores and his team have invested in more than 120 portfolio companies through varying macroeconomic environments with a consistent, operationally oriented investment strategy.

Mr. Gores is the founder, chairman and CEO of The Gores Group, a global investment firm focused on acquiring businesses that can benefit from the firm’s operating expertise. Mr. Gores implemented an operational approach to private equity investing when he founded The Gores Group in 1987 by operating businesses alongside management, or in some cases in lieu of management, to build value in those entities. Since then, the firm has acquired more than 120 businesses including a current portfolio of 8 active companies worldwide.