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  6. OpenGate Capital Acquires Chemisphere

M&A Deal Summary

OpenGate Capital Acquires Chemisphere

On January 18, 2022, private equity firm OpenGate Capital acquired chemicals company Chemisphere

Acquisition Highlights
  • This is OpenGate Capital’s 5th transaction in the Chemicals sector.
  • This is OpenGate Capital’s 18th transaction in the United States.
  • This is OpenGate Capital’s 1st transaction in Missouri.
Investment Fate
  • Chemisphere was sold to a strategic buyer in 2023.

M&A Deal Summary
Date 2022-01-18
Target Chemisphere
Sector Chemicals
Buyer(s) OpenGate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Chemisphere

Saint Louis, Missouri, United States
Chemisphere is a distributor and blender of chemical products that specializes in the manufacturing and distribution of personal care products, industrial products, and denatured ethanol. Chemisphere was founded in 1974 and is headquartered in Saint Louis, Missouri.

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Buyer(S) 1

Buyer

OpenGate Capital

New York, New York, United States

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 44 of 47
Sector (Chemicals) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 14 of 15
State (Missouri) 1 of 1
Country (United States) 18 of 20
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Chemsolv

Roanoke, Virginia, United States

Chemsolv is a growing organization that is poised for the future in the US chemical distribution industry. It represents over 100 manufacturers of industrial chemicals, silicones, solvents, lubricants, metalworking fluids, and other specialty products, all of which are supported by a commitment to the continuous improvement in our operating practices, and The Responsible Distribution Process of the NACD. Chemsolv was formed in 1979 and is based in Roanoke, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Annex Cloud

McLean, Virginia, United States

Annex Cloud provides technology and service solutions that transform customer loyalty experiences for organizations, extending valued customer engagements, ultimately making beloved brands. Powered by the comprehensive and scalable Loyalty Experience Platform solution suite, the company's customers capture and use zero- and first-party data to seamlessly deliver value-based individualized experiences across the entire customer journey from awareness to purchase to retention, loyalty, and advocacy. Supporting its global enterprise clients. Annex Cloud was founded in 2010 and is based in McLean, Virginia.

Buy -
Mergr

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