OpenGate Capital Bolsters Team with Hiring of Executive with Operational Mettle

Vijay Mony Joins Firm Bringing Global Experience and Proven Skills

LOS ANGELES, CA – January 14, 2013 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has hired Mr. Vijay Mony as Vice President of Operations, working from the firm’s headquarters in Los Angeles, California.

Mr. Mony is a tenured investment professional with a diverse global background gained from his work at Alvarez & Marsal, Cerberus Capital Management, GMAC Financial Services, Accenture and Ford Motor Company. Mr. Mony has a proven track record of working with executive management and cross-functional teams leading the execution and implementation of cost reduction strategies to enhance EBITDA. His career spans four areas: supply chain management, operations restructuring, profit optimization, and lean manufacturing. Mr. Mony has worked in a variety of industries including financial services, automotive, heavy industrial, consumer goods, non-profit and retail.

Mr. Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “Vijay Mony joins our firm at a time of unprecedented growth and value generation. We welcome Vijay to our family and believe he brings tremendous strengths to our model as we continue to build on our track record of proprietary, cross-border deals. Vijay will play an important role as a financial and operational executive, bridging all aspects of our investments from deal negotiations through diligence, transition, and long-term operations, as well as monitoring and improving the performance of our multi-industry portfolio of businesses.”

Native to metro Detroit, Mr. Mony graduated from Michigan State University and is a trained Six Sigma Black Belt. He recently co-authored a white paper published on Action Matters entitled, “Automakers: Navigating the Final Months of 2012.”  He has also been a featured speaker on topics such as post-merger integration, global sourcing and procurement and how to incorporate environmental sustainability as a competitive advantage in business.

About OpenGate Capital

OpenGate Capital is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 30 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $3 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.