August 06, 2007

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 to OGC, Mr. Lagrèze worked for Deloitte & Touché in France, and as a business financial advisor. Mr. Lagrèze has managed and operated several companies both in France and in other European countries. Mr. Lagrèze holds Masters in Business Administration in finance and management from Aix-Marseille III University. Andrew Nikou, Managing Partner of OpenGate Capital, says “OpenGate’s commitment to hire the best and the brightest will not only allow the company to achieve its growth goals, but more importantly, will do so by continuing to provide a level of service and experience that OpenGate demands. These senior-level professionals bring a wealth of talent and experience to our company, and, as a result, they are ideally suited to enhance our capabilities. Their stellar reputations and long-standing relationships with the institutional market will serve OpenGate well and positions us for the kind of growth we want to achieve.” stated Nikou.

OpenGate Capital is a private buyout firm focused on principal investing in high-growth/change-intensive businesses, as well as underperforming and turnaround situations. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The principals of OpenGate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leverage buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing. For more information on OGC, please visit our website at www.opengatecapital.com