The Gores Group

Verra Mobility Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024
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MESA, Ariz., May 2, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2024.

Key Points: 
  • MESA, Ariz., May 2, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2024.
  • "Our first quarter results provided a very strong start to 2024," said David Roberts, President and CEO, Verra Mobility.
  • Revenue: Total revenue for the first quarter of 2024 was $209.7 million, an increase of 9% compared to $191.9 million for the first quarter of 2023.
  • Based on our first quarter results and our outlook for the remainder of the year, we are expecting to deliver results as follows:

Verra Mobility Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024
Sherman Antitrust Act, ASR, Investment, Share repurchase, Common stock, Growth, Language, Exercise, Government, District court, Adjustment, University, Safety, ATS, Software as a service, The Gores Group, EPS, Travel, Software, Security (finance)

MESA, Ariz., Feb. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • MESA, Ariz., Feb. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2023.
  • "We delivered fantastic results for the fourth quarter, highlighted by robust revenue and Adjusted EBITDA performance," said David Roberts, President and CEO, Verra Mobility.
  • Revenue: Total revenue for the fourth quarter of 2023 was $211.0 million, an increase of 13% compared to $186.1 million for the fourth quarter of 2022.
  • Adjusted Earnings Per Share (EPS): Adjusted EPS for the fourth quarter of 2023 was $0.24 per share compared to $0.25 per share for the fourth quarter of 2022.

Nogin Appoints Arthur Stark and Shahriyar Rahmati to Board of Directors

Retrieved on: 
Tuesday, June 20, 2023
Hellman & Friedman, Malcolm Hoenlein, Bed Bath & Beyond, The Gores Group, TPG Inc., Jefferies Group, Bed, Rahmati, Viktor Nogin, Conference of Presidents of Major American Jewish Organizations, Stark, Form, Growth, VC, Conference, Commerce, Organization, Management

TUSTIN, Calif., June 20, 2023 (GLOBE NEWSWIRE) -- Nogin, Inc. (Nasdaq: NOGN, NOGNW) (“Nogin” or the “Company”), a leading provider of innovative Commerce-as-a-Service (“CaaS”), today announced that it has appointed Arthur Stark and Shahriyar Rahmati as new members of its Board of Directors (the “Board”), effective immediately.

Key Points: 
  • TUSTIN, Calif., June 20, 2023 (GLOBE NEWSWIRE) -- Nogin, Inc. (Nasdaq: NOGN, NOGNW) (“Nogin” or the “Company”), a leading provider of innovative Commerce-as-a-Service (“CaaS”), today announced that it has appointed Arthur Stark and Shahriyar Rahmati as new members of its Board of Directors (the “Board”), effective immediately.
  • Arthur Stark and Shahriyar Rahmati are accomplished executives with over 60 years of combined experience leading technology- and brand-focused public companies.
  • Stark concluded a 45-year career as President of Bed Bath & Beyond in 2018, upon being unanimously elected as Chairman of the Conference of Presidents of Major American Jewish Organizations.
  • “It is my pleasure to welcome Arthur and Shahriyar to our Board of Directors,” said Company Chairman, President, and Chief Executive Officer Jonathan Huberman.

Nogin Announces Jonathan Huberman as Chairman and Chief Executive Officer

Retrieved on: 
Friday, January 27, 2023
Securities & Exchange Commission of Pakistan, The Advisory Board Company, Huberman, CAAS, Entrepreneurship, Commerce, Acquisition, III, Software as a service, Data management, Partnership, The Gores Group, Growth, Form, Knowledge, Management, Syncplicity, Viktor Nogin

TUSTIN, Calif., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Nogin (“Nogin” or the “Company”), a leading provider of innovative Commerce-as-a-Service (CaaS) ecommerce technology, today announced that, following discussions regarding plans for management succession, the Company’s Board of Directors (the “Board”) has appointed current President and co-Chief Executive Officer Jonathan Huberman as President, Chief Executive Officer and Chairman of the Board.

Key Points: 
  • TUSTIN, Calif., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Nogin (“Nogin” or the “Company”), a leading provider of innovative Commerce-as-a-Service (CaaS) ecommerce technology, today announced that, following discussions regarding plans for management succession, the Company’s Board of Directors (the “Board”) has appointed current President and co-Chief Executive Officer Jonathan Huberman as President, Chief Executive Officer and Chairman of the Board.
  • In connection with Mr. Huberman’s appointments, Co-Founder, former Chairman, and co-Chief Executive Officer Jan Nugent has decided to depart the Company, effective today.
  • He joined Nogin’s executive team in August of 2022 after serving as Chairman and CEO of Software Acquisition Group Inc. III, a special purpose acquisition company.
  • Nugent co-founded Nogin in 2010 along with current Chief Technologist Geoffrey Van Haeren and has served as CEO since its founding.

Palm Tree Acquires Backbone Capital Advisors to Expand Capital Markets Team

Retrieved on: 
Tuesday, January 10, 2023
Consulting, Banking, Professional Services, Finance, The Gores Group, Economics, University, Capital market, Backbone, University of California, Tree, Growth, FINRA, Association for Corporate Growth, Terrell, Multimedia, Business, Financial services, Arecaceae, Palm

Palm Tree LLC (“Palm Tree”), a modern M&A advisor providing integrated investment banking, strategic finance, and transaction support services to middle market businesses, today announced that it has acquired Backbone Capital Advisors (“Backbone”), a middle market capital advisory firm.

Key Points: 
  • Palm Tree LLC (“Palm Tree”), a modern M&A advisor providing integrated investment banking, strategic finance, and transaction support services to middle market businesses, today announced that it has acquired Backbone Capital Advisors (“Backbone”), a middle market capital advisory firm.
  • The Backbone team is joining Palm Tree’s capital markets group with Britt Terrell as a Managing Director, Head of Capital Markets.
  • Terrell formerly led the debt capital markets effort at The Gores Group and will head up Palm Tree’s Capital Markets practice.
  • He and his team bring more than 40 years of combined experience in middle market corporate finance to Palm Tree.

Gores Holdings VIII, Inc. Announces Special Meeting of Stockholders to Obtain Stockholder Approval to Liquidate in 2022

Retrieved on: 
Thursday, December 15, 2022
Professional Services, Finance, Acquisition, Eastern, Nashville Charter Amendment 1, Person, Finance Secretary (India), Computershare, United Wholesale Mortgage, Proposal, VIII, Hostess, Eastern Time Zone, The Gores Group, Common, Common stock, Commission, Proxy, PAE, Holding, Attention, Security (finance), Polestar

The Company expects to complete the Mandatory Redemption on or around December 30, 2022 if stockholders approve the Proposals.

Key Points: 
  • The Company expects to complete the Mandatory Redemption on or around December 30, 2022 if stockholders approve the Proposals.
  • Additionally, the last day of trading of the Public Shares will be December 29, 2022 if stockholders approve the Proposals.
  • Gores Holdings VIII, Inc. is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, founded by Alec Gores.
  • To date, affiliates of The Gores Group have closed nine business combinations representing approximately $58 billion in transaction value, which include: Hostess (Gores Holdings, Inc.); Verra Mobility (Gores Holdings II, Inc.); PAE (Gores Holdings III, Inc.); Luminar (Gores Metropoulos, Inc.); United Wholesale Mortgage (Gores Holdings IV, Inc.); Ardagh Metal Packaging (Gores Holdings V, Inc.); Matterport (Gores Holdings VI, Inc.); Sonder (Gores Metropoulos II, Inc.); and Polestar (Gores Guggenheim).

AMI Announces Sale to Coral Tree Partners from The Gores Group

Retrieved on: 
Wednesday, December 14, 2022
Entertainment, Advertising, Communications, General Entertainment, Restaurant, Bar, TV and Radio, Film & Motion Pictures, Music, Retail, The Gores Group, Heart, Erythrina, Music, United Kingdom, AMI, LP, Partnership, Advertising, AMI Entertainment Network, Kirkland & Ellis, Investment, History, Growth, MI, Stephens Inc., Nightclub, Renewable energy, Video game

AMI Entertainment Network (AMI), a leading digital jukebox business that provides tech-driven in-venue digital music and video entertainment and advertising content to the bar and restaurant industries, today announced that it has been acquired by Coral Tree Partners (Coral Tree), a Los Angeles-based media and entertainment focused private equity firm, from The Gores Group, LLC (The Gores Group or Gores), a global investment firm.

Key Points: 
  • AMI Entertainment Network (AMI), a leading digital jukebox business that provides tech-driven in-venue digital music and video entertainment and advertising content to the bar and restaurant industries, today announced that it has been acquired by Coral Tree Partners (Coral Tree), a Los Angeles-based media and entertainment focused private equity firm, from The Gores Group, LLC (The Gores Group or Gores), a global investment firm.
  • Alan Resnikoff, Partner at Coral Tree, commented, AMI is a trusted partner for thousands of bar and restaurant owners and the network of operators that support them.
  • Alec Gores, Chairman and CEO of The Gores Group, added, Gores and AMI have enjoyed a highly successful partnership since 2017, marked by innovation in AMIs product portfolio, geographical expansion and execution on organic and inorganic growth initiatives.
  • Coral Tree Partners is a Los Angeles-based private investment firm focused on investments in the media, entertainment, and communications industries.

Gores Holdings VIII, Inc. Files Preliminary Proxy Statement to Obtain Stockholder Approval to Liquidate in 2022

Retrieved on: 
Tuesday, December 6, 2022
Professional Services, Finance, IPO, The Gores Group, Security (finance), Person, Hostess, Calendar, PAE, Attention, Holding, PIPE, VIII, United Wholesale Mortgage, Plan, Footprint, Inflation, SPAC, Acquisition, Polestar, Roman Catholic Diocese of La Crosse

For more information, please see the Preliminary Proxy Statement filed with the Securities and Exchange Commission (the SEC) on December 5, 2022.

Key Points: 
  • For more information, please see the Preliminary Proxy Statement filed with the Securities and Exchange Commission (the SEC) on December 5, 2022.
  • Gores Holdings VIII, Inc. is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, founded by Alec Gores.
  • To date, affiliates of The Gores Group have closed nine business combinations representing approximately $58 billion in transaction value, which include: Hostess (Gores Holdings, Inc.); Verra Mobility (Gores Holdings II, Inc.); PAE (Gores Holdings III, Inc.); Luminar (Gores Metropoulos, Inc.); United Wholesale Mortgage (Gores Holdings IV, Inc.); Ardagh Metal Packaging (Gores Holdings V, Inc.); Matterport (Gores Holdings VI, Inc.); Sonder (Gores Metropoulos II, Inc.); and Polestar (Gores Guggenheim).
  • On December 5, 2022, the Company filed a preliminary proxy statement with the SEC in connection with its solicitation of proxies for its special meeting of stockholders.

Footprint and Gores Holdings VIII, Inc. Mutually Agree to Terminate Business Combination Due to Unfavorable Market Conditions

Retrieved on: 
Monday, December 5, 2022
Finance, Environment, Recycling, Professional Services, Sustainability, Water, The Gores Group, Security (finance), CNBC, Tripura Merger Agreement, Hostess, Atmosphere, Mergers and acquisitions, Plastic, PAE, Intel, Holding, Multimedia, VIII, United Wholesale Mortgage, Food chain, Acquisition, Bottled water, Polestar, Footprint

We appreciate the tremendous support from Alec Gores and the team at Gores Holdings VIII throughout this process they have been great partners to all of us at Footprint.

Key Points: 
  • We appreciate the tremendous support from Alec Gores and the team at Gores Holdings VIII throughout this process they have been great partners to all of us at Footprint.
  • Alec Gores, Chairman and CEO of The Gores Group and Chairman of Gores Holdings VIII said, After careful thought and consideration, we mutually determined that this action is in the best interest of all parties at this time given current market conditions.
  • Gores Holdings VIII (Nasdaq: GIIXU, GIIX and GIIXW) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, founded by Alec Gores.
  • To date, affiliates of The Gores Group have announced or closed ten business combinations representing approximately $58 billion in transaction value which include: Hostess (Gores Holdings, Inc.), Verra Mobility (Gores Holdings II, Inc.), PAE (Gores Holdings III, Inc.), Luminar (Gores Metropoulos, Inc.), United Wholesale Mortgage (Gores Holdings IV, Inc.), Ardagh Metal Packaging (Gores Holdings V, Inc.), Matterport (Gores Holdings VI, Inc.), Sonder (Gores Metropoulos II, Inc.) and Polestar (Gores Guggenheim).

Footprint Named to Fast Company’s ‘Brands That Matter in 2022’ List

Retrieved on: 
Tuesday, November 8, 2022
Environment, Packaging, Engineering, Environmental Issues, Environmental Health, Manufacturing, Sustainability, Green Technology, Recycling, Holding, SEC, Private Securities Litigation Reform Act, Fast Company, Registration statement, Securities Act of 1933, Prospectus, Health, Proxy, Water, Nasdaq, Person, U.S. Securities and Exchange Commission, Solution, Risk, Food chain, Special, VIII, Environment, Atmosphere, CNBC, Register, The Gores Group, Industry, Reading, PAE, Forward-looking statement, Name, Partnership, Acquisition, NASDAQ, Form, PIPE, Intel, Plastic, Intention, United Wholesale Mortgage, Ix, Sale, Attention, Hostess, LLC, Failure, Risk management, Bottled water, Security (finance), Footprint, Polestar

“We are thrilled to be included in Fast Company’s distinguished Brands That Matter list alongside so many innovative and impactful companies. This is a testament to the hard work of our employees who show up every day focused on changing the world,” said Troy Swope, Footprint CEO and co-founder. “Our partnership with the Footprint Center shows what’s possible beyond single-use plastics and gives fans the opportunity to experience Footprint’s eco-friendly, plant-based products -- demonstrating that people don’t have to sacrifice the environment to enjoy sporting and entertainment events.”

Key Points: 
  • Footprint, a global materials science technology company focused on creating a healthy planet, was named to Fast Companys Brands That Matter in 2022 list , recognizing companies leading on social action, sustainability, inclusivity, and fun.
  • We are thrilled to be included in Fast Companys distinguished Brands That Matter list alongside so many innovative and impactful companies.
  • Fast Companys Brands That Matter awards program aims to get beyond corporate vision statements and management talking points, celebrating a companys connection with its audience through cultural relevance, social impact, and clear, authentic communication.
  • Now in its second year, Brands That Matter has grown from 95 honorees last year to 144 in 2022.