Wednesday, January 5, 2011

The Gores Group Closes Vincotech Sale

Los Angeles private equity firm The Gores Group said Wednesday that it has closed its sale of Vincotech Holdings Sarl, a developer and manufacturer of power modules and inverters for the industrial and solar power market. Financial details of the sale were not disclosed. Gores sold Vincotech to Mitsubishi Electric Corporation. The Gores Group was advised by DC Advisory Partners and Weil, Gotshal & Manges in the deal.