Lodging Firm Sonder Is Said to Reach Gores Metropoulos SPAC Deal

Bloomberg2021-04-30

Lodging startup Sonder, which decks out apartments and hotel rooms as hip short-term rentals, has agreed to merge with blank-check company Gores Metropoulos II Inc., according to people familiar with ...

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Atz
2021-05-02
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2021-04-30
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2021-04-30
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The transaction would give the combined entity a pro forma enterprise value of $2.2 billion, the people said.\nThe transaction includes a $200 million private placement led by an affiliate of Gores Group, the investment firm founded by the SPAC’s Chief Executive Officer Alec Gores, with participation from Fidelity Management & Research Co., funds and accounts managed by BlackRock Inc.,Atreides Management, entities affiliated with Moore Capital Management, Principal Global Investors and Senator Investment Group.\nRepresentatives for Sonder and Gores declined to comment. 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