New York, NY - July 7, 2009 – Publications industry stalwart Jack Kliger is joining OpenGate Capital as senior advisor to the Los Angeles-based private equity firm, it was announced today by Andrew Nikou, CEO of OpenGate Capital. Mr. Kliger will provide strategic support on media and communications portfolio companies to OpenGate and will serve as acting CEO at entertainment industry flagship magazine, TV Guide Magazine, which is owned and operated by OpenGate.
July 1, 2010
OpenGate Capital Closes Kotka Mills Transaction
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 Kotka Mills division of Stora Enso, a multi-billion euro, publicly traded Finnish corporation, along with Stora Enso’s laminating paper operations in Malaysia. The transaction also includes Stora Enso’s related business operations in Tainionkoski, Finland. Today, OpenGate Capital unified and rebranded these entities under the name Kotkamills, enabling them to continue selling high-quality specialty papers and wood-based products to the global laminate, plywood, construction and magazine industries under one new company.
July 1, 2010
OpenGate Capital Completes NICOLE FARHI Acquisition
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 purchased all inventory, retail locations, and intellectual property under the NICOLE FARHI label.
June 18, 2010
TV Guide Is Now Profitable
Two years after famously acquiring TV Guide 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 with “booze leak”). He told me that TV Guide was unprofitable and generating double-digit losses when acquired by OpenGate, in a deal that included around $50 million in assumed liabilities. Now, however, the slimmed-down company apparently is generating income in the mid-to high single digit millions.
April 22, 2010
OpenGate Capital to Acquire Kotka Mills, a Leading Specialty Paper, Wood Product Manufacturer in Finland, from Stora Enso
Significant Acquisition Expands Private Equity Firm’s Holdings in EU; Offers Value-Creation Potential through Product Launches, Operational Stabilization, Growth
Los Angeles, CA and Paris, France – April 22, 2010 – OpenGate Capital, a global private equity firm, has signed a definitive agreement to acquire the Kotka Mills division of Stora Enso, a leading manufacturer of wood and paper products based in Finland, for a total consideration of up to €24 million in cash and earnouts. Kotka Mills sells high-quality specialty paper, paper-laminates and wood-based products to the laminate, plywood, construction and magazine industries around the world and is recognized for its strong manufacturing capabilities. The transaction also includes Stora Enso’s laminating paper operations in Malaysia and the business operations of the Tainionkoski paper machine 7, which will remain in Stora Enso’s ownership, but will be leased to OpenGate. The deal is expected to close during the second quarter of 2010.
March 17, 2010
OpenGate Capital Acquires Philips Business Communications in Brazil
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 provider of telecommunication and data solutions in Brazil, from the global healthcare and technology enterprise Philips, for an undisclosed amount. The transaction is the first South American investment for OpenGate Capital. OpenGate bought 100 percent of the Brazilian entity and will partner with existing management to further grow and expand PBC’s strong 40-year foothold in the telecommunications market in Brazil. Philips has divested from its other non-core telecommunications divisions.
March 15, 2010
OpenGate Capital Acquires Nicole Farhi Fashion Brand From French Connection Group
Los Angeles, CA – March 15, 2010 – OpenGate Capital, a global private equity firm, will acquire the highly respected fashion label NICOLE FARHI from French Connection Group PLC in a transaction expected to close within the next 90 days. The deal is the third major equity investment by OpenGate in the past 12 months and further extends the firm’s mission of acquiring high potential divisions and subsidiaries from leading global enterprises.
March 15, 2010
Nicole Farhi Buyer OpenGate Set to Announce Three More Deals
Bloomberg BusinessWeek - March 15, 2010 -- OpenGate Capital, the private equity firm buying the Nicole Farhi fashion label, expects to announce three more acquisitions over the next month or so, said managing partner Andrew Nikou.
August 24, 2009
OpenGate Capital Closes on its Acquisition of Ride Control Mexicana from ArvinMeritor
Los Angeles, CA – August 24, 2009 – OpenGate Capital, a global private equity firm, today announced that it will close Ride Control Mexicana S de R.L. de C.V., a subsidiary of Ride Control LLC and a manufacturer of shock absorbers and strut assemblies for light trucks and passenger cars, from Fortune 500 company ArvinMeritor. This complementary transaction follows closely with OpenGate’s acquisition of Gabriel North America (NA) less than two months ago.
June 30, 2009
OpenGate Capital Announces Sale of Global Star Solutions Investment
Los Angeles, CA – June 30, 2009 – OpenGate Capital, a global private equity firm, today announced that is has sold its portfolio company, Global Star Solutions, to a management-led buyout team.
OpenGate’s Founder and Managing Partner Andrew Nikou commented, “We are very proud of what we have accomplished with Star Solutions to date. This transaction marks yet another successful exit for OpenGate, as well as a bright new chapter in the future of Star Solutions.”
Terms of the transaction were not disclosed.
- 1 of 3
- ››