OpenGate Capital Hires European Portfolio Management Executive

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 for the management and oversight of OpenGate’s European portfolio of businesses.

Mr. Andrew Nikou, OpenGate Capital’s managing partner and CEO commented, “We are delighted to have Marc join our team. Europe has been and remains an important market for our firm as represented by the six businesses we currently own and operate across the region. Marc joins us at a time when we have achieved significant presence and are anticipating an accelerated level of deal activity going forward.”

Veillas is an experienced operations executive with a proven track record of leading industrial restructuring and recovery plans. He has expertise in financial and operational restructuring, large scale cost reduction initiatives, and reorganization projects leading to the achievement of profit and cash flow optimization. In addition, Veillas is experienced in divestitures and acquisitions having actively supported a large range of M&A projects over the past 10 years.  He has more than 20 years of experience in several turnaround and restructuring situations across various industries including automotive, food and beverage, electronic and defense, office furniture, as well as recreational marine. Veillas’ background is highly relevant to OpenGate Capital’s current portfolio and the many pending acquisitions currently in the firm’s pipeline.

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.