Gores Holdings IV completed the merger with United Wholesale Mortgage in a $16.1bn deal.

Gores Holdings IV, a special purpose acquisition company backed by The Gores Group, completed the merger with United Wholesale Mortgage, a consumer lending services provider, in a $16.1bn deal. “UWM’s unparalleled market position, customized technology and deep bench of talent have brought the company to the forefront of the mortgage industry. We’re excited about this important milestone and we are confident that Mat’s exceptional leadership, along with his team’s dedication and experience, will continue to drive long-term value for all stakeholders for years to come. We look forward to UWM’s continued success as a public company as it capitalizes on the significant growth opportunities ahead," Alec Gores, The Gores Group Chairman and CEO.