OpenGate Capital Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, OpenGate Capital has acquired 11 companies.

OpenGate Capital’s most common sectors for investment are manufacturing (10%) and chemicals (8%). The Firm’s most common investment types include divestiture (68%) and buyout (lbo, mbo, mbi) (28%). In total, OpenGate Capital has invested in 10 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired EverZinc for $160M.

In the last 3 years, OpenGate Capital has exited 5 companies. The Firm’s most common exit type is secondary buyout (34%).

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M&A Summary

  • M&A Total Activity58
    • M&A Buy Activity40
    • M&A Sell Activity18
  • Total Sectors Invested 23
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 25
  • M&A Advisors 3

OpenGate Capital LLC

10250 Constellation Boulevard, 17th Floor,
Los Angeles, California 90067
United States
(310) 432-7000
www.opengatecapital.com
anikou@opengatecapital.com

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target company size range is $50 million to $1 billion. OpenGate Capital was formed in 2005 and has offices in Los Angeles and Paris.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Automotive, Business Services, Communications, Digital Media, Distribution, Electrical Equipment, Forest Products, Information Technology, Manufacturing, Media, Publishing, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Latin/South America

Transaction Criteria Min Max
Target Revenue 50 1,000
Target EBITDA - -
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (3.2/yr) # 24 5 1 3 7 - 40
vol $13M $189M $77M $279M
Sell (1.0/yr) # 13 - 1 2 2 - 18
  58

Most Recent M&A

Company Date Value Type
Power Partners, Inc. 2019-11-22 - Add-on Acquisition
Athens, Georgia · www.ppiway.com
CoreMedia AG 2019-11-05 - Buyout (LBO, MBO, MBI)
Hamburg, Germany · www.coremedia.com
InRule Technology, Inc. 2019-08-19 - Buyout (LBO, MBO, MBI)
Chicago, Illinois · www.inrule.com
Duraco, Inc. 2019-07-01 - Divestiture
Forest Park, Illinois · www.duracoinc.com
Duraco Specialty Tapes LLC 2019-06-20 77M USD Divestiture
Forest Park, Illinois · www.duraco.com
Omniplast BV 2019-06-14 - Secondary Buyout
Veghel, Netherlands · www.omniplast.nl
Siège Social SMAC 2019-02-14 - Divestiture
Issy-les-Moulineaux, France · www.smacv-sa.com
Sargent and Greenleaf 2019-01-30 - Divestiture
Nicholasville, Kentucky · www.sargentandgreenleaf.com
Fiven A/S 2019-01-15 - Divestiture
Courbevoie, France · www.sic.saint-gobain.com
Fichet Security Solutions 2018-07-17 - Divestiture
Gothenburg, Sweden
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Duraco Specialty Tapes LLC 2019-06-20 Infinity Tapes LLC 2020-03-03 1
Forest Park, Illinois · www.duraco.com Lawrence, Massachusetts · www.infinitytapes.com
Sargent and Greenleaf 2019-01-30 The Delaney Hardware Co. 2020-01-06 1
Nicholasville, Kentucky · www.sargentandgreenleaf.com Cumming, Georgia · www.delaneyinc.com
EverZinc 2016-06-01 GHC Ltd. (GH Chemicals Ltd.) 2019-01-25 1
Angleur, Belgium · www.everzinc.com Saint Hyacinthe, Quebec · www.ghchemicals.com
Jøtul AS (Jøtul Group) 2018-02-12 AICO S.p.A. 2018-11-07 1
Kråkerøy, Norway · www.jotul.com Palazzolo sull'Oglio BS, Italy
IVY Group 2015-06-05 NAKAN 2018-09-25 1
Reims, France · www.ivy-group.com Reims, France · www.nakan.com
Alfatherm S.p.A. 2016-06-20 Alfatherm S.p.A. - Adhesive Tape Substrate Business 2017-08-02 1
Venegono Superiore, Italy · www.alfatherm.it Venegono Superiore, Italy

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (14%) 77M (29%) 4 (10%) 90M (32%)
Chemicals 2 (10%) 160M (60%) 3 (8%) 160M (58%)
Electrical Equipment - - 3 (8%) -
Forest Products - - 3 (8%) -
Safety/Security 3 (14%) - 3 (8%) -
Building Materials 2 (10%) - 2 (5%) -
Construction 2 (10%) - 2 (5%) -
Information Technology 1 (5%) - 2 (5%) -
Media - - 2 (5%) -
Plastics 1 (5%) - 2 (5%) -
Software 1 (5%) - 2 (5%) -
Distribution 1 (5%) 28M (11%) 1 (3%) 28M (10%)
Agriculture - - 1 (3%) -
Apparel/Textiles - - 1 (3%) -
Automotive - - 1 (3%) -
Communications 1 (5%) - 1 (3%) -
Consumer Products 1 (5%) - 1 (3%) -
Digital Media 1 (5%) - 1 (3%) -
Marine - - 1 (3%) -
Marketing - - 1 (3%) -
Metals/Mining 1 (5%) - 1 (3%) -
Real Estate 1 (5%) - 1 (3%) -
Technology Hardware - - 1 (3%) -
Total 21 $266M 40 $279M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (29%) 77M (29%) 14 (35%) 90M (32%)
  Illinois 3 (14%) 77M (29%) 3 (8%) 77M (28%)
  Wisconsin 1 (5%) - 2 (5%) -
  Kentucky 1 (5%) - 2 (5%) -
  Colorado 1 (5%) - 1 (3%) -
  South Carolina - - 1 (3%) -
  Oregon - - 1 (3%) -
  Michigan - - 1 (3%) -
  Georgia - - 1 (3%) -
  California - - 1 (3%) -
France 6 (29%) 28M (11%) 11 (28%) 28M (10%)
United Kingdom - - 3 (8%) -
Belgium 2 (10%) 160M (60%) 2 (5%) 160M (58%)
Canada 1 (5%) - 2 (5%) -
  Ontario 1 (5%) - 1 (3%) -
  British Columbia - - 1 (3%) -
Germany 1 (5%) - 1 (3%) -
Italy 1 (5%) - 1 (3%) -
Brazil 1 (5%) - 1 (3%) -
Norway 1 (5%) - 1 (3%) -
Poland 1 (5%) - 1 (3%) -
Sweden 1 (5%) - 1 (3%) -
Colombia - - 1 (3%) -
Finland - - 1 (3%) -
Domestic 6 (29%) 77M (29%) 14 (35%) 90M (32%)
Cross-border 15 (71%) 189M (71%) 26 (65%) 189M (68%)
Total 21 $266M 40 $279M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 14 (67%) 266M (100%) 27 (68%) 279M (100%)
Buyout (LBO, MBO, MBI) 6 (29%) - 11 (28%) -
Secondary Buyout 1 (5%) - 2 (5%) -
Total 21 $266M 40 $279M

Exits by Deal Type

Type Total # Value
Secondary Sale 6 (33%) -
Trade Sale 5 (28%) -
Shut Down 4 (22%) -
Sold to Management 2 (11%) -
Trade Sale - Public Company 1 (6%) -
Total 18 -

Top M&A Advisors

Financial Deals
Goetzpartners HOLDING GmbH & Co.
1
KPMG Corporate Finance LLC
1
Legal Deals
Morgan, Lewis & Bockius LLP
1

Deal Values

buy # Total
$100M to $1B 1 $160M
< $100M 3 $118M
TOTAL $279M
Largest EverZinc
$160M (2016-06-01)

M&A Connections

Deals %
Acquired from
PE Firm(s)
12%
3 12%
Strategic(s)
88%
23 88%
Exited to
PE Firm(s)
67%
8 67%
Strategic(s)
33%
4 33%

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