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OpenGate sells Global Star Solutions

OpenGate Capital, a global private equity firm, has sold its portfolio company, Global Star Solutions, to a management-led buyout team.

OpenGate Capital, a global private equity firm, has sold its portfolio company, Global Star Solutions, to a management-led buyout team.

OpenGate acquired the Richmond, British Columbia-based supplier of network infrastructure products from UTStarcom.

OpenGate’s founder and managing partner Andrew Nikou says: ‘We are very proud of what we have accomplished with Star Solutions to date. This transaction marks yet another successful exit for OpenGate, as well as a bright new chapter in the future of Star Solutions.’

Terms of the transaction were not disclosed.

Global Star Solutions enables CDMA/GSM wireless operators to reach their customers using internet protocol technology.

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