LOS ANGELES--(BUSINESS WIRE)--OpenGate Capital, a global private equity firm, announced today it has completed the sale of Fleurus Presse to Unique Heritage Media as part of a management buy-in led by Emmanuel Mounier in partnership with Entrepreneur Venture, a French private equity firm. Fleurus Presse is a leading, multi-title publisher of educational and knowledge-based titles in France. Financial terms of the transaction were not disclosed.
Fleurus Presse was acquired by OpenGate in 2009 from Le Monde in a joint venture with Jean-Martial Lefranc following OpenGate’s much publicized acquisition of TV Guide Magazine in 2008. Over the past six years, OpenGate Capital and Jean-Martial Lefranc successfully repositioned Fleurus Presse and returned the business to a strong and stable profitability through a series of operational initiatives including two, accretive add-on acquisitions, and through the development and launch of new digital applications.
Julien Lagrèze, Partner at OpenGate Capital, commented, “We are all incredibly proud of our investment in Fleurus Presse and grateful for the opportunity to work with the leadership team and staff at the business. Leveraging our combined media expertise, we created a lot of operational value together that has been realized through the sale to Unique Heritage Media today.”
Fleurus Presse publications include Abricot, Les P’tites Filles àla Vanille, Les P’tites Sorcieres, Je lis déjà, Junior Hebdo, Comment ça marche, Réponse à tout!.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of lower middle market businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California, and maintains offices in Paris, New York and São Paulo. OpenGate’s seasoned professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 30 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of businesses generates approximately $3 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.