OpenGate Capital Acquires French Consumer Magazine

Law360, New York (April 13, 2012, 3:47 PM EDT) -- Los Angeles-based private equity firm OpenGate Capital LLC has acquired French monthly consumer magazine Reponse a Tout! from French magazine publisher Groupe Ayache, OpenGate announced Friday.

OpenGate said the acquisition was the second strategic add-on for one of its portfolio companies, Fleurus Presse, a French media company that markets magazines and digital publications for children.

The transaction closed Friday. Financial terms of the deal were not disclosed.

A spokesman said the existing editorial staff of the magazine will remain intact. The magainze will be run out...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.