BEVERLY HILLS, CA - January 12, 2009 – OpenGate Capital, a Beverly Hills-based principal investment firm, has named industry veteran Robert Lezec as Partner, it was announced today by Andrew Nikou, OpenGate Founder and Managing Partner. In December 2008, OpenGate announced it had closed a deal to acquire TV Guide Magazine, the leading television entertainment magazine in the nation, with over 20 million readers.
June 29, 2009
OpenGate Capital Acquires Autoparts Leader Gabriel North America from ArvinMeritor
Investment is Foundation for Firm’s Automotive Sector Portfolio that will Capitalize on Niche Opportunities
Los Angeles, CA – June 29, 2009 – OpenGate Capital, a global private equity firm, will acquire Gabriel North America (NA), a leading provider of shock absorbers and strut assemblies, from Fortune 500 company ArvinMeritor. Gabriel NA operates in both the aftermarket and Original Equipment Manufacturer (OEM) segments. This marks OpenGate’s fourth opportunistic acquisition in the past six months and its first in the automotive sector. For this investment, OpenGate is partnering with Gabriel North America’s management team to complete a transformation of the business.
June 5, 2009
OpenGate Capital Completes Acquisition of Fleurus Presse and Junior Hebdo from Groupe Le Monde
Private Investment Firm to Unlock Value of Media Assets by Creating Internet and Television Presence, Expanding Merchandising and Distribution
OpenGate Aggressively Pursuing High-Value, High Potential Media & Entertainment Deals
Los Angeles, CA – June 5, 2009 – OpenGate Capital, a global private equity firm, announced today a definitive agreement to acquire Fleurus Presse and Junior Hebdo, the youth publications divisions of leading French media company Groupe Le Monde. This is the third industry transaction that the firm has completed since it established a specific initative for pursuing media and entertainment deals less than a year ago. For this investment, OpenGate is partnering with French media industry veteran Jean Martial Lefranc, who will serve as CEO the the acquired companies.
May 10, 2009
Deal Or No Deal: 10 Rules For Buying Into The Media Business
May 10, 2009 - Andrew Nikou is the founder and managing partner of OpenGate Capital, a private equity firm that has done deals in media, technology and telecom, including TV Guide magazine and the Models1 European talent agency. Here's his list of what draws him to a media deal, and what makes him stay very far away.
December 2, 2008
TV Guide Magazine Announces Closing of Acquisition by OpenGate Capital
Deal Creates New Opportunities for Growth, Expansion for Established Media Brand
NEW YORK, NY – December 2, 2008 – TV Guide Magazine today announced the closing of its acquisition by OpenGate Capital. Under the terms of the agreement, OpenGate Capital acquired the TV Guide Magazine property from Macrovision Solutions Corporation (NASDAQ: MVSN), becoming the new owner of TV Guide Magazine.
November 28, 2008
OpenGate Capital forms One Worldwide as a Fashion Industry Acquisition Vehicle
BEVERLY HILLS, CA - November 28, 2008 – OpenGate Capital today announced that it's founder and managing partner, Andrew Nikou, has created a new investment vehicle, One Worldwide, which will include shareholders John Horner, Karen Diamond, and Kathy Pryer, through which it will make acquisitions in the world of fashion.
October 13, 2008
OpenGate Capital to Acquire TV Guide Magazine from Macrovision
Beverly Hills, CA – October 13th, 2008 – OpenGate Capital, a Beverly Hills-based principal investment firm, announced today a definitive agreement to acquire TV Guide Magazine from Macrovision® Solutions Corporation (NASDAQ: MVSN).
July 31, 2008
OpenGate Capital Obtains Mobile Solutions Business Unit
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 and sales and servicing of wireless IP-based products that connect cellular infrastructures to IP networks. Its operations extend globally, including Canada, the United States, India and China. Under the agreement, OpenGate Capital will acquire substantially all of the assets of Star Solutions. Jack Mar, an experienced leader in the telecommunications industry, will continue his role as president of the newly branded company.
July 29, 2008
Egalux SA Luxembourg Acquires Ommic
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 prestigious Space/Defense, Technology, and Automotive Global 1000 companies. OpenGate Capital is a privately held principal investment firm based in Beverly Hills, California with a principal office in Paris, France.
June 9, 2008
OpenGate Capital to Acquire UTStarcom's Mobile Solutions Business Unit
Beverly Hills, CA- June 10th, 2008- UTStarcom (NASDAQ:UTSI) announced today that it has reached an agreement to divest its Mobile Solutions Business Unit (“MSBU”) to OpenGate Capital, LLC. OpenGate’s managing partner Andrew Nikou stated, “This is a very positive step for OpenGate Capital. The transaction between OpenGate and UTStarcom is indicative of our cross-border and buy-and-build strategy. Our ability to mobilize and execute this transaction clearly demonstrates our experience in dealing with complex carve-outs and divestitures of divisions from Fortune 1000 companies such as UTStarcom. With operations in Canada, the United States, India and China, MSBU represents a great footprint in our global organization.” Jack Mar, who has over 30 years of experience in the telecommunications industry, will continue his role as President of the newly acquired company to be rebranded as Star Solutions. The transaction is expected to close in approximately three weeks.