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...
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