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  5. OpenGate Capital Acquires Profialis

M&A Deal Summary

OpenGate Capital Acquires Profialis

On January 31, 2013, private equity firm OpenGate Capital acquired construction company Profialis from Tessenderlo Group

Acquisition Highlights
  • This is OpenGate Capital’s 1st transaction in the Construction sector.
  • This is OpenGate Capital’s 1st transaction in Belgium.
Investment Fate
  • Profialis was sold to a strategic buyer in 2020.

M&A Deal Summary
Date 2013-01-31
Target Profialis
Sector Construction
Buyer(s) OpenGate Capital
Sellers(s) Tessenderlo Group
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

OpenGate Capital

New York, New York, 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 16 of 47
Sector: Construction M&A 1 of 1
Type: Divestiture M&A Deals 10 of 29
Country: Belgium M&A 1 of 4
Year: 2013 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Golden Guernsey Dairy

Waukesha, Wisconsin, United States

Golden Guernsey Dairy, based in Waukesha, WI, produces and distributes high quality milk and other dairy products to schools, grocery stores, convenience stores and major retailers throughout the Upper Midwest region of the United States. The Company markets its products through its Golden Guernsey Dairy® and La Vaca Bonita brands as well as offering white label products to customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Models1

London, United Kingdom

Models1 Ltd. is a model and talent agency in Europe, providing many high profile models to major customers such as Marks and Spencer, Prada, Giorgio Armani, Addidas, Elle, Gucci, Vogue and MTV to name a few. Models on their books include model of the year Agyness Deyn, Linda Evangelista, Yasmin Le Bon, Karolina Kurkova, Twiggy, Angie Everhart, Leah Wood and Noemie Lenoir.

Sell -

Seller(S) 1

SELLER

Tessenderlo Group

Brussels, Belgium
Category Company
Founded 1919
Sector Chemicals
Employees7,685
Revenue 2.6B EUR (2024)
DESCRIPTION

Tessenderlo Group and its subsidiaries manufacture and sell chemicals and other solutions for food, agriculture, and water management worldwide. Tessenderlo Group was founded in 1919 and is based in Brussels, Belgium.

DEAL STATS #
Overall 2 of 2
Sector: Construction M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Belgium M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-26 Bt Bautechnik Impex + Co Kg

Germany

BT Bautechnik Impex GmbH + Co.KG is a reliable, capable and high-class quality injection moulding manufacturer in the German and international waste water sector.

Buy -
Mergr

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