Archives : 2016

The former owner of TV Guide has raised $305M for its debut fund

OpenGate Capital LLC, the private equity firm perhaps best known for its purchase of TV Guide Magazine in 2008 for $1, wrapped up raising its first institutional PE fund this month with $305 million of committed capital after 16 months on the fundraising trail.

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In a recent article featured in The Wall Street Journal / Dow Jones, OpenGate Capital’s founder, Managing Partner & CEO speaks about the firm’s evolution and strategy for acquiring lower middle market, corporate carve-outs. OpenGate Raises $305 Million for Institutional Private-Equity Fund By…

Transaction Marks Eighth Realization in OpenGate’s Legacy of Investing LOS ANGELES, CA – May 21, 2015 – OpenGate Capital, a global private equity firm, announced today it has completed the sale of Fleurus Presse to Unique Heritage Media as part of a management…

OpenGate’s Seventh Realization Yields Significant Return on Investment After Four and a Half Years of Ownership  LOS ANGELES, CA – March 24, 2015 – OpenGate Capital, a global private equity firm, announced today it has completed the sale of Kotkamills Oy, to MB…

The leading producer of laminating paper products, Kotkamills, announced today that it will start a 13 million euros, two-phase investment program to strengthen its position as the leading global supplier of overlaying films for the plywood industry. In the first phase, the company…

Acquisition Provides New Value to Customers of Hamilton Scientific De Pere, WI – Hamilton Scientific recently announced that it has acquired the assets of the laboratory business of Dancker, Sellew and Douglas (DS&D) based in Somerville, New Jersey. DS&D is a long-standing dealer partner…

Acquisition Provides Significant Accretive Value to OpenGate’s Latin American Portfolio of IT Businesses LOS ANGELES, CA – July 7, 2014 – OpenGate Capital, a global private investment firm, announced today that it has acquired the shares owned in Damovo Mexico SA de CV…

Transaction Represents Third European PVC Compounds Business to Join OpenGate Capital Portfolio LOS ANGELES, CA and PARIS, FRANCE – June 4th, 2014 — OpenGate Capital, a global private investment firm, announced today that it has completed the acquisition of Benvic®, a leading PVC compounder with…

Ricardo Salinas joins forces with LA Mayor Eric Garcetti and investor Andrew Nikou to successfully develop the life-changing project. The orchestra adds to a network of more than 13,000 low income youth who develop leadership and achievement values through music. Mexico City, March…

European Security Solutions Provider Offers Tailored Services to Enterprises LOS ANGELES, CA – January 28, 2014 – OpenGate Capital, a global private buyout firm, announced today it has integrated AGIS Fire & Security into its portfolio of wholly owned business through an arrangement…

The Acquisition of Europe’s Second Largest PVC Producer Includes Option to Acquire Kem One Innovative Vinyls

LOS ANGELES, CA and PARIS, FRANCE – December 20, 2013 – OpenGate Capital, a global private buyout firm, announced today that, through a joint partnership with Alain de Krassny, it has won a takeover bid to acquire Kem One SAS, Europe’s second largest producer of PVC products that was put into administration by the commercial court of Lyon in France in March of 2013.

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Adds deal-making to duties  Featured in ADWEEK – By Lucia Moses October 22, 2013 For the past three years, Jack Kliger has worked as a paid consultant to TVGuide Magazine, helping return the 60-year-old troubled brand to respectability. Now, it’s formal: He’s been named CEO…

PennySaver USA is OpenGate Capital’s First California-Based Acquisition and Strengthens a Portfolio of Other Media and Publishing Businesses LOS ANGELES, CA– September 27, 2013 – OpenGate Capital, a global private buyout firm, announced today that it has completed the acquisition of PennySaver USA…

Sprague Solar Array Chosen to Provide Power to State   As Published by NorwichBulletin.com By ADAM BENSON The Bulletin Posted Sep 20, 2013 @ 09:03 PM   Sprague, Conn. — An unused parcel of land straddling Lisbon and Sprague owned by Fusion Paperboard…

Marc Veillas Joins the Firm’s European Office as Senior Vice President LOS ANGELES, CA and PARIS, FRANCE– September 3rd, 2013 – OpenGate Capital, LLC, a global private buyout firm, announced today that it has hired Mr. Marc Veillas as Senior Vice President responsible…

DE PERE, WI –August 13, 20123 – Hamilton Scientific, a leader in laboratory furniture, fume hoods for education and health care and industrial markets, is proud to announce the lunch of their new website- http://www.hamiltonscientific.com. The new revamped site allows for speedy and…

DE PERE, WI – July 17, 2013 – Hamilton Scientific, a leader in laboratory furniture, fume hoods for education and health care alongside industrial markets has relocated its corporate headquarters from Two Rivers, WI to De Pere, WI. This new building is fully…

Two Highly Specialized Operations Renamed Aluminium France Extrusion

LOS ANGELES, CA and PARIS, FRANCE – June 3, 2013 – OpenGate Capital, LLC, a global private buyout firm, announced today it has acquired Constellium Extrusion, a highly specialized manufacturer of extruded aluminum profiles with operations in Saint-Florentin and Ham, France.

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Transaction Further Establishes OpenGate Capital’s South American Presence LOS ANGELES, CA – MAY 2, 2012 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has completed the acquisition of Getronics LATAM, Getronics International’s portfolio of Latin American businesses, from…

Acquisition by OpenGate Capital Portfolio Company Fleurus Presse Reinforces Business’ Position as a Leading Educational Publisher in Europe Los Angeles, CA, and Paris, FRANCE – December 21, 2011 – OpenGate Capital portfolio company, Fleurus Presse, announced today that it has acquired Arts Magazine,…

Latest Wood & Paper Industry Addition for Private Equity Firm; Acquired Operations Rebranded as Fusion Paperboard    Los Angeles, CA, and Paris, FRANCE – June 23, 2011 – OpenGate Capital, a global private equity firm, has closed its acquisition of two boxboard-manufacturing subsidiaries…

By Jeremy W. Peters – The New York Times – September 19, 2010 –There was a time years ago when TVGuide’s fall television preview issues were hundreds of pages thick. Studios would clamor to get their ads placed next to the prime-time listings,…

Iconic Fashion Brand joins Private Equity Firm’s Growing Fashion Portfolio  Los Angeles, CA and Paris, France – July 1, 2010 – OpenGate Capital, a global private equity firm, has completed its acquisition of NICOLE FARHI, an iconic fashion brand, from French Connection Group PLC. OpenGate has…

Leading Finnish Laminating Paper and Wood Product Company Presents Future Growth Opportunities for Global Private Investment Firm Los Angeles, CA and Paris, FRANCE – July 1, 2010 – OpenGate Capital, a global private equity firm, has closed its acquisition of the Kotkamills division…

Two years after famously acquiring TVGuide for just $1, OpenGate Capital says that the weekly magazine has reached profitability. June 17, 2010 – I met earlier today with OpenGate CEO Andrew Nikou, who was in New York for undisclosed reasons (it probably rhymes…

PBC Investment Marks Private Equity Firm’s First Acquisition in South America; Second of Several Planned Global Investments for First Half of 2010 Los Angeles, CA – March 16, 2010 – OpenGate Capital, a global private equity firm, has acquired Philips Business Communications (PBC), a leading…

Beverly Hills, CA – October 13th, 2008 – OpenGate Capital, a Beverly Hills-based principal investment firm, announced today a definitive agreement to acquire TVGuide Magazine from Macrovision® Solutions Corporation (NASDAQ: MVSN). OpenGate’s Founder and Managing Partner Andrew Nikou stated, “TVGuide Magazine is a…

Beverly Hills, CA.-July 31, 2008 – OpenGate Capital, LLC announced today that they have closed the deal for OpenGate to acquire the Mobile Solutions Business Unit from UTStarcom. The acquisition has been rebranded as Star Solutions. The company is responsible for the development…

PARIS, FRANCE- July 29, 2008-Egalux SA Luxembourg has acquired OMMIC S.A. from Financière Victoire of France, a European subsidiary of OpenGate Capital, the companies announced today. Financial terms were not disclosed. OMMIC develops and manufactures semiconductor wafers and serves some of the most…

PARIS, FRANCE –October 18th, 2007 – International buyout firm OpenGate Capital (“OpenGate”) announced today that it has once again expanded its global reach by opening an office in 41 rue boissy d’anglas Paris, France 75008. Recognized as the leader in cross-border buyout transactions,…

Beverly Hills, CA.—August 6, 2007 – OpenGate Capital (OGC), a private buyout firm in Los Angeles County, today appointed Julien Lagrèze as Partner at OGC. Mr. Lagrèze will bring his expertise in business development, deal execution, and portfolio operations to OpenGate Capital. Prior…

Beverly Hills, CA.—June 22, 2007– Royal Philips Electronics (NYSE: PHG, AEX: PHI) today will sell a majority stake in Ommic S.A. to Financière Victoire of France, a European subsidiary of OpenGate Capital, for an undisclosed amount. Ommic S.A. develops and manufactures semiconductor wafers…