Back in May, we reported that Jordan Katz and Tim Meyer had stepped down as managing directors with Los Angeles-based private equity firm Gores Group. Now comes word that the pair has launched a new firm named Angeles Equity Partners, which is expected to focus on mid-market deals in the industrials sector.
AEP has hired Moelis & Co. and GCA Savvian to help raise its debut fund, although I have not yet heard a size target.
Katz had been with Gores for more than 11 years, helping to lead such deals as Cosmo Specialty Fibers, Sage Automotive Interiors, United Road Services and Proxicom. Meyer had joined in 2005 from Gateway, and largely focused on portfolio company operations.
Neither responded to requests for comment.
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