M&A Deal Summary

OpenGate Capital Acquires Kongsberg

On December 16, 2020, private equity firm OpenGate Capital acquired machinery company Kongsberg from Esko-Graphics bvba

Acquisition Highlights
  • This is OpenGate Capital’s 1st transaction in the Machinery sector.
  • This is OpenGate Capital’s 3rd transaction in Belgium.

M&A Deal Summary
Date 2020-12-16
Target Kongsberg
Sector Machinery
Buyer(s) OpenGate Capital
Sellers(s) Esko-Graphics bvba
Deal Type Divestiture

Target

Kongsberg

Ghent, Belgium
Kongsberg is a manufacturer of digital cutting systems, a global developer of integrated software and hardware solutions for the packaging, label, and wide format sectors. Kongsberg was founded in 1965 and is based in Ghent, Belgium.

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Buyer(S) 1

Buyer

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 39 of 47
Sector (Machinery) 1 of 1
Type (Divestiture) 25 of 29
Country (Belgium) 3 of 4
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Profialis

Oeselgem, Belgium

Profialis is a major supplier of extruded PVC window and door profiles to the building and construction industry in Europe. The business divides its activities in three groups: fenestration, shutter systems and other interior and exterior finishing products and services. Profialis has more than 300 employees in its production facilities in Clerval, France and Oeselgem, Belgium and sales offices in Poland and Hungary.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 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.

Buy -

Seller(S) 1

SELLER

Esko-Graphics bvba

Gent, Belgium
Category Company
Founded 2002
Sector Software
Employees1,500
Revenue 247M USD (2010)
DESCRIPTION

Esko-Graphics bvba is a full service solutions provider for the digital packaging design and production market. Esko focuses on smart software tools and hardware for the packaging and labels, printing and publishing industries.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
Country (Belgium) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Blue Software

Des Plaines, Illinois, United States

BLUE Software LLC is a provider of artwork and label management software-as-a-service solutions to global brands in the consumer packaged goods, pharmaceutical and life sciences, and retail industries. Blue Software was founded in 2014 and is based in Des Plaines, Illinois.

Buy -
Mergr

Product

Company

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