OpenGate Capital Completes Acquisition of Alfatherm S.p.A.
OpenGate Capital , a global private equity firm, announced today that it has completed the acquisition of Alfatherm S.p.A. (“Alfatherm”) just nine days after signing a definitive agreement with Emerald and PM & Partners, the shareholders and current debt holders for the acquisition. Terms of the transaction were not disclosed.
Alfatherm will benefit from OpenGate Capital’s operational experience in the European PVC market that have been developed through the firm’s pre-fund investments. Under OpenGate’s stewardship, several initiatives will be implemented to leverage Alfatherm’s market position while improving upon the operations and manufacturing processes of the business.
Andrew Nikou, founder, Managing Partner and CEO at OpenGate Capital, commented, “Our interest in acquiring Alfatherm began nearly three years ago at a time when we saw a lot of opportunities in the European PVC sector. The Alfatherm business was really interesting to us, and the completion of the acquisition today reflects our firm’s philosophy of working with sellers to solve the unique demands for every transaction. I am incredibly proud of our team for staying the course over the past two and a half years, and welcome Alfatherm into the OpenGate family of companies.”
Alfatherm was established more than 50 years ago and is the fourth largest European PVC film manufacturer, focused on the production and sale of rigid, semi-rigid and flexible PVC films that are used for various applications. The business operates three manufacturing sites in the Milan area and has long-term customer relations that reach across 60 countries. Alfatherm products are concentrated across five main business units including:
- Surface decorations
- Capsules and sleeves
- Adhesive tapes
OpenGate Capital has previously invested in the European PVC chemical space through its pre-fund acquisitions including Kem One SAS, Kem One Innovative Vinyls, Benvic and Profialis. In March of this year, OpenGate announced that through its private equity fund it acquired Energi Fenestration Solutions, a North American manufacturer of rigid PVC window profiles and patio doors.
Alfatherm is headquartered in Varese, Italy, generates nearly €100 million in revenue, and has approximately 400 employees.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and has a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 40 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. For more information, please visit www.opengatecapital.com .
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
SEOUL-SEMICONDUCTOR23.3.2018 19:30 | pressemeddelelse
Seoul Semiconductor’s SunLike Series LEDs Win Product of the Year Award from Elektronik Magazine
ELLIOTT-MANAGEMENT-CORP23.3.2018 17:07 | pressemeddelelse
Elliott Welcomes Imminent Bezeq Board Overhaul and New Era for Strong Independent Governance
CO-CLOVIS-ONCOLOGY-INC23.3.2018 13:54 | pressemeddelelse
Clovis Oncology Initiates Early Access Program for Rucaparib as Treatment and as Maintenance Therapy in Recurrent Ovarian Cancer in Europe
CO-CLOVIS-ONCOLOGY-INC23.3.2018 13:52 | pressemeddelelse
CHMP Grants Positive Opinion for Clovis Oncology’s Rubraca® (rucaparib) Tablets
JANSSEN23.3.2018 13:48 | pressemeddelelse
Janssen Announces Positive CHMP Opinion for JULUCATM▼ (dolutegravir/rilpivirine)
AITHEON23.3.2018 13:02 | pressemeddelelse
Aitheon Executives Educate World Leaders on Benefits, Challenges of AI at the Annual World Government Summit in Dubai
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum