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OpenGate Capital Completes Third Media Industry Transaction with Acquisition of Groupe Le Monde’s Youth Publications Divisions Fleurus Presse and Junior Hebdo

Posted by Dana in June 11th 2009

OpenGate Capital, a global private equity firm, announced a definitive agreement to acquire Fleurus Presse and Junior Hebdo, the youth publications divisions of leading French media company Groupe Le Monde. This is the third industry transaction that the firm has completed since it established a specific initiative for pursuing media and entertainment deals less than a year ago. For this investment, OpenGate is partnering with French media industry veteran Jean-Martial Lefranc, who will serve as CEO of the acquired companies.

OpenGate’s Founder and Managing Partner Andrew Nikou said, “OpenGate is executing on our strategy to buy and build media and entertainment companies with untapped potential. Fleurus Presse and Junior Hebdo are yet another example of how we move quickly to find and create high-value opportunities for our investors. These companies have the right ingredients – strong brands, a sticky revenue model and a leading position in the market – but have yet to fully leverage these assets. With a highly competent CEO working alongside OpenGate, we expect to deliver significant upside to our investors.”