M&A Deal Summary

HMA Capital Acquires Alfatherm

On December 25, 2023, distressed investor HMA Capital acquired manufacturer Alfatherm from OpenGate Capital

Acquisition Highlights
  • This is HMA Capital’s 1st transaction in the Manufacturing sector.
  • This is HMA Capital’s 1st transaction in Italy.

M&A Deal Summary
Date 2023-12-25
Target Alfatherm
Sector Manufacturing
Buyer(s) HMA Capital
Sellers(s) OpenGate Capital
Deal Type Secondary Buyout

Target

Alfatherm

Gorla Minore, Italy
Alfatherm is a producer of PVC film and sheets. It offers rigid, flexible, stretched, semi rigid, plasticized, expanded, and flocked film. Alfatherm was founded in 1963 and is based in Gorla Minore, Italy.

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Buyer(S) 1

Buyer

HMA Capital

Category Distressed Investor
Size Small
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Italy) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 30 of 32
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 8 of 8
Country (Italy) 1 of 1
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Verdant

Houston, Texas, United States

Verdant is a global specialty chemical company that supports human well-being through the power of science and nature. Verdant is based in Houston, Texas.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 SMAC

Issy-les-Moulineaux, France

SMAC is a provider of waterproofing and building envelope solutions. SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC was founded in 1884 and is based in Issy-les-Moulineaux, France.

Sell -
Mergr

Product

Company

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