They are a newly organized blank check company incorporated as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which they refer to throughout this prospectus as their initial business combination. They have not identified any potential business combination target and they have not, nor has anyone on their behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target. They intend to focus their search for a target business in the consumer products and services industry, but may also pursue acquisition opportunities in any business industry or sector, which complements their management team’s operating experience. They intend to capitalize on the ability of their management team to identify, acquire and manage a business that can benefit from their operational expertise, as members of their management team have done in diverse sectors, including industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products. This operationally-oriented investment approach has served The Gores Group well since its founding in 1987.