Banking & Finance  January 20, 2021

PE giant Gores Group files for another SPAC in Boulder, seeks to raise $400M

BOULDER — Prominent private-equity group The Gores Group is launching another special purpose acquisition company out of Boulder, a week after it closed a $345 million raise on a separate initial public offering.

The Los Angeles-based group is seeking to combine the investment vehicle with a company in the consumer products or services industry, according to filings made to the U.S. Securities and Exchange Commission Wednesday. The SPAC is trading on the Nasdaq under the symbol “GMIIU” as of this morning, and it is incorporated in Boulder.

SPACs are shell companies that are…

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