OpenGate Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, OpenGate Capital has acquired 14 companies.

OpenGate Capital’s most common sectors for investment areelectrical equipment (12%) and building materials (10%) . The Firm’s most common investment types include divestiture (67%) and buyout (lbo, mbo, mbi) (29%). In total, OpenGate Capital has invested in 12 US states and 11 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired EverZinc for $160M.

In the last 3 years, OpenGate Capital has exited 8 companies. The Firm’s most common exit type is trade sale (35%). OpenGate Capital’s largest (disclosed) exit occurred in 2018 when it sold IVY Group for $265M.

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M&A Summary

  • M&A Total Activity65
    • M&A Buy Activity42
    • M&A Sell Activity23
  • Total Sectors Invested 21
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 31
  • M&A Advisors 4

OpenGate Capital

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, Scandinavia, 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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (3.0/yr) # 27 1 3 6 2 3 42
vol $202M $77M $279M
Sell (1.8/yr) # 14 1 3 2 1 2 23
vol $265M $265M
  65

Most Recent M&A

Company Date Value Type
ENERGI Fenestration Solutions 2021-05-18 - Add-on Acquisition
Woodbridge, Ontario
ScioTeq 2021-03-02 - Divestiture
Kortrijk, Belgium · www.scioteq.com
Treality SVS LLC 2021-03-02 - Divestiture
Xenia, Ohio · www.trealitysvs.com
Bois & Matériaux 2021-01-19 - Add-on Acquisition
Pace, France · www.boisetmateriaux.com
Verdant Specialty Solutions 2021-01-05 - Divestiture
University Park, Illinois · www.verdantspecialty.com
Kongsberg Precision Cutting Systems 2020-12-16 - Divestiture
Ghent, Belgium · www.kongsbergsystems.com
Profialis Oeselgem 2020-11-17 - Trade Sale
Oeselgem, Belgium · www.profialis.com
Aurotech, Inc. 2020-11-02 - Buyout (LBO, MBO, MBI)
Silver Spring, Maryland · www.aurotechcorp.com
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
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Kongsberg Precision Cutting Systems 2020-12-16 MultiCam, Inc. 2021-08-23 1
Ghent, Belgium · www.kongsbergsystems.com Dallas, Texas · www.multicam.com
Siège Social SMAC 2019-02-14 Axter 2021-03-04 2
Issy-les-Moulineaux, France · www.smacv-sa.com Issy-les-Moulineaux, France · www.axter.eu
Siège Social SMAC 2019-02-14 Siege Social SMAC - Skylights Business 2021-01-25 1
Issy-les-Moulineaux, France · www.smacv-sa.com Issy-les-Moulineaux, France
Sargent and Greenleaf 2019-01-30 The Delaney Hardware Co. 2020-01-06 1
Nicholasville, Kentucky · www.sargentandgreenleaf.com Cumming, Georgia · www.delaneyinc.com
Jøtul AS 2018-02-12 AICO S.p.A. 2018-11-07 1
Kråkerøy, Norway · www.jotul.com Palazzolo sull'Oglio BS, Italy
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
Electrical Equipment 2 (11%) - 5 (12%) -
Building Materials 3 (17%) - 4 (10%) -
Chemicals 2 (11%) 160M (68%) 3 (7%) 160M (58%)
Manufacturing 2 (11%) 77M (32%) 3 (7%) 90M (32%)
Forest Products - - 3 (7%) -
Information Technology 2 (11%) - 3 (7%) -
Safety/Security 2 (11%) - 3 (7%) -
Software 2 (11%) - 3 (7%) -
Media - - 2 (5%) -
Plastics - - 2 (5%) -
Distribution - - 1 (2%) 28M (10%)
Agriculture - - 1 (2%) -
Apparel/Textiles - - 1 (2%) -
Automotive - - 1 (2%) -
Construction - - 1 (2%) -
Consumer Products 1 (6%) - 1 (2%) -
Machinery 1 (6%) - 1 (2%) -
Marine - - 1 (2%) -
Marketing - - 1 (2%) -
Metals/Mining 1 (6%) - 1 (2%) -
Technology Hardware - - 1 (2%) -
Total 18 $237M 42 $279M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (44%) 77M (32%) 16 (38%) 90M (32%)
  Illinois 3 (17%) 77M (32%) 3 (7%) 77M (28%)
  Wisconsin 1 (6%) - 2 (5%) -
  Kentucky 1 (6%) - 2 (5%) -
  Ohio 1 (6%) - 1 (2%) -
  Maryland 1 (6%) - 1 (2%) -
  Colorado 1 (6%) - 1 (2%) -
  South Carolina - - 1 (2%) -
  Oregon - - 1 (2%) -
  Michigan - - 1 (2%) -
  Georgia - - 1 (2%) -
  California - - 1 (2%) -
France 4 (22%) - 11 (26%) 28M (10%)
Belgium 3 (17%) 160M (68%) 4 (10%) 160M (58%)
United Kingdom - - 3 (7%) -
Canada - - 2 (5%) -
  Ontario - - 1 (2%) -
  British Columbia - - 1 (2%) -
Germany 1 (6%) - 1 (2%) -
Italy 1 (6%) - 1 (2%) -
Norway 1 (6%) - 1 (2%) -
Colombia - - 1 (2%) -
Finland - - 1 (2%) -
Poland - - 1 (2%) -
Domestic 8 (44%) 77M (32%) 16 (38%) 90M (32%)
Cross-border 10 (56%) 160M (68%) 26 (62%) 189M (68%)
Total 18 $237M 42 $279M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 11 (61%) 237M (100%) 28 (67%) 279M (100%)
Buyout (LBO, MBO, MBI) 6 (33%) - 12 (29%) -
Secondary Buyout 1 (6%) - 2 (5%) -
Total 18 $237M 42 $279M

Exits by Deal Type

Type Total # Value
Trade Sale 8 (35%) -
Secondary Sale 6 (26%) -
Shut Down 4 (17%) -
Trade Sale - Public Company 3 (13%) 265M (100%)
Sold to Management 2 (9%) -
Total 23 $265M

Top M&A Advisors

Financial Deals
Lazard Ltd.
2
Goetzpartners HOLDING GmbH & Co.
1
KPMG Corporate Finance LLC
1
Legal Deals
Morgan, Lewis & Bockius LLP
3

Deal Values

buy # Total
$100M to $1B 1 $160M
< $100M 3 $118M
TOTAL $279M
Largest EverZinc
$160M (2016-06-01)
sell # Total
$100M to $1B 1 $265M
TOTAL $265M
Largest IVY Group
$265M (2018-09-25)

M&A Connections

Deals
Acquired from
Investor(s)
5%
2 (5%)
Strategic(s)
62%
26 (62%)
Exited to
Investor(s)
26%
6 (26%)
Strategic(s)
35%
8 (35%)

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