OpenGate Capital expanded its senior leadership team with the addition of Heather Malloy, who joined as CFO based in the firm’s Los Angeles office. Malloy joined from Riva Ridge Management where she was a management consultant.
LBC Credit Partners provided a secured global term loan facility to support the acquisition of Hufcor by OpenGate Capital, a Los Angeles-based private equity firm.
OpenGate Capital completed the sale of Kotkamills Oy, to MB Funds, an independent Finnish private equity firm focused on acquisitions in the Nordic market.
OpenGate Capital completed the acquisition of PennySaver USA from Harte-Hanks. Backbone Capital Advisors assisted OpenGate Capital in this transaction and brought on Capital One Business Credit as the lender.