May 21, 2015

LOS ANGELES, CA – May 21, 2015 – OpenGate Capital, a global private equity firm, announced today it has completed the sale of Fleurus Presse to Unique Heritage Media as part of a management buy-in led by Emmanuel Mounier in partnership with Entrepreneur Venture, a French private equity firm. Fleurus Presse is a leading, multi-title publisher of educational and knowledge-based titles in France.  Financial terms of the transaction were not disclosed.

Fleurus Presse was acquired by OpenGate in 2009 from Le Monde in a joint venture with Jean-Martial Lefranc following the OpenGate’s much publicized acquisition of TVGuide Magazine in 2008. Over the past six years, OpenGate Capital and Jean-Martial Lefranc successfully repositioned Fleurus Presse and returned the business to a strong and stable profitability through a series of operational initiatives including two, accretive add-on acquisitions, and through the development and launch of new digital applications.

Julien Lagrèze, Partner at OpenGate Capital commented, “We are all incredibly proud of our investment in Fleurus Presse and grateful for the opportunity to work with the leadership team and staff at the business. Leveraging our combined media expertise, we created a lot of operational value together that has been realized through the sale to Unique Heritage Media today.” 

Fleurus Presse publications include Abricot, Les P’tites Filles àla Vanille, Les P’tites Sorcieres, Je lis déjà, Junior Hebdo, Comment ça marche, Réponse à tout!


About OpenGate Capital

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buy-outs, special situations and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.

For more information, please contact:


OpenGate Media Contacts

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: +1 (310) 432-7000

 

Mike Sitrick

Sitrick & Company

Email: Mike_Sitrick@sitrick.com

Telephone: (310) 788-2850


OpenGate Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: +1 (310) 432-7000