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OpenGate Capital acquires Alfatherm

Private equity firm OpenGate Capital has completed the acquisition of 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 have not been 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, says: “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.”

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