OpenGate Capital Portfolio Company SMAC Signs Agreement to Sell AXTER to IKO
OpenGate Capital, a global private equity firm, announced today that its portfolio company, SMAC, has reached an agreement to sell AXTER, a subsidiary focused on the production of waterproofing membranes, to IKO of Canada. IKO is a leader in the roofing, waterproofing, and insulation industry for residential and commercial markets. Terms of the agreement were not disclosed, and the final sale is subject to closing conditions and works council consultation.
SMAC is a global manufacturer of waterproofing and building envelope solutions with operations across two divisions: Travaux and Industrie. SMAC Travaux specializes in waterproofing solutions typically utilized on flat roofs structures and facades. SMAC Industrie manufactures bituminous membranes, skylights and resins.
The prospective sale of AXTER by SMAC fulfills OpenGate’s investment strategy by enabling SMAC to focus on its core business in waterproofing, cladding, architectural facades, and maintenance.
SMAC is headquartered in Issy-les-Moulineaux and has operations across France, Morocco, and South America and is supported by 2,900 employees.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buy-outs, special situations and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201005005036/en/
Contact information
OpenGate Media Contact
Alanna Chaffin
Email: achaffin@opengatecapital.com
Telephone: +1 (310) 432-7000
OpenGate Business Development Contact
Joshua Adams
Email: jadams@opengatecapital.com
Telephone: +1 (310) 432-7000
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Rimini Street Announces New Management Console for Rimini Connect ™ Suite of Interoperability Solutions21.11.2024 22:00:00 CET | Press Release
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support and innovation solutions, the leading third-party support provider for Oracle, SAP, and VMware software, today announced Rimini Connect™ Console, a single-pane-of-glass management tool that unifies and simplifies the administration and monitoring of Rimini Connect™, Rimini Street’s industry-leading suite of interoperability solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121087329/en/ Rimini Street Announces New Management Console for Rimini Connect™ Suite of Interoperability Solutions (Graphic: Business Wire) Immediately available for Rimini Connect™ for Browsers and for additional Rimini Connect solutions in the future, Rimini Connect Console is the latest advancement in Rimini Street’s interoperability solutions suite which are designed to extend the useful life of existing systems by insulating applications from c
Airship Announces 2024 Altitude Award Winners21.11.2024 20:58:00 CET | Press Release
Mobile-first customer experience company Airship today announced the winners of the 2024 Airship Altitude Awards. Asda, bol, CIMB Singapore, Sally Beauty Holdings and The Vitamin Shoppe each won their respective award categories for exceptional value creation across acquisition, activation, value impact, unified experience and mobile mastery. Acquisition: Online marketplace bol was recognized for its strategies and results in driving app downloads with its “Price Alert Push as Acquisition Strategy.” bol created a price alert push campaign to acquire new app users and gain opt in for alerts when there is a discount on an item in a user’s wish list. The team encouraged customers to download the app, opt-in to notifications and add items to their wish list in the run up to major sales campaigns, like their bol 10 Days Campaign. The effort drove a significant uplift in price alert notifications, driving nearly 3X higher opt-in rates than average, an above average open rate of 27% and a con
OCP Announces Date of Third Quarter and Nine Month 2024 Earnings21.11.2024 20:52:00 CET | Press Release
OCP S.A. (“OCP” or the “Company”), a global leader in the fertilizer industry, will release its third quarter and nine month 2024 results on Tuesday, November 26, 2024. The results will be available to holders of the Company’s bonds, qualified institutional buyers, securities analysts and market makers on the OCP Intralinks portal from 9:00 a.m. EDT, 3:00 p.m. Morocco (GMT+1), and 2:00 p.m. London time (GMT). OCP senior management will host a conference call to discuss third quarter and nine month 2024 results at 10:00 a.m. EDT, 4:00 p.m. Morocco (GMT+1), and 3:00 p.m. London time (GMT+1) on Tuesday, November 26, 2024, for holders of the Company’s bonds, qualified institutional buyers, securities analysts and market makers. Eligible parties that have not already registered for access to the Intralinks portal may do so by contacting the Investor Relations Department by emailing g.laraki@ocpgroup.ma. About OCP OCP is a global leader in the fertilizer industry, backed by almost a century’
Adtran launches scalable AI private cloud solutions for US federal agencies21.11.2024 17:50:00 CET | Press Release
Adtran and Dell Technologies today announced a strategic collaboration to meet the growing AI networking needs of the US federal government. Adtran is providing a comprehensive range of optical, packet and software networking solutions, which are being integrated with Dell’s AI-driven infrastructure to accelerate AI deployments for federal agencies. The DELL AI Network Cloud (AINC) Factory ON-RAMP, powered by Dell’s AI Factory, offers a flexible platform for managing AI workloads across on-premises, cloud or hybrid environments. This interoperable solution offers significant cost savings compared to traditional solutions, including cloud infrastructure and network access expenses, giving agencies the flexibility to achieve their AI goals without vendor lock-in. As part of the Dell AI Factory, the new AINC Factory ON-RAMP will deliver a secure, scalable and high-performance AI network cloud solution specifically designed for federal agencies. By integrating advanced networking technolog
Rigaku BioScience Lab Opens in USA21.11.2024 16:00:00 CET | Press Release
Rigaku Corporation, a Rigaku Holdings Group company that serves as a global solution partner for X-ray analytical equipment (headquarters: Akishima, Tokyo; CEO: Jun Kawakami; “Rigaku”), opened Rigaku BioScience Lab in Cambridge, Massachusetts, USA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121012183/en/ Ribbon Cutting of the Lab (Photo: Business Wire) Rigaku has begun operation of MoleQlyze at the Rigaku BioScience Lab. MoleQlyze incorporates a technology, developed by Rigaku, called electron density topography (EDT), which elucidates the structure and dynamic characteristics of biological macromolecules, including antibodies, protein complexes, and virus particles, in solution. Rigaku has begun accepting inquiries for technology demonstrations and analysis under contract. Cambridge, a suburb of Boston, Massachusetts, is home to one of the world’s largest concentrations of bioscience-related organizations, including
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom