Andrew Nikou is a Canadian businessman who is the founder and CEO of OpenGate Capital, a global private buyout firm.
[1] The firm is focused on acquiring lower to middle market businesses that are often privately owned, or non-core divisions of larger companies located around the world.
To date, the firm has completed more than 75 transactions, including acquisitions and divestitures, and has acquired more than $8 billion in gross consolidated revenues.
The firm first gained recognition for the acquisition of TV Guide Magazine in December 2008,[2] and the publication's turn to profitability in the first quarter of 2010.
[6] Nikou graduated from William Howard Taft Charter High School in Woodland Hills, California, where he was active in the Persian community.
[8] In 2004, he left Platinum Equity and moved back to Los Angeles to start his own global investment firm.
[10] Under Nikou's leadership, OpenGate Capital bought founder-owned businesses and divisions of Fortune 500 companies such as Philips, Schlumberger, Arvin Meritor, Stora Enso and Cascades.
[12] In 2008, Nikou negotiated the deal for OpenGate Capital to acquire TV Guide for $1 and $50 million in assumed liabilities from owner Rovi Corporation (previously Macrovision).
[17] In 2018, OpenGate acquired the Italian stove and fireplace manufacturer Jotul from the European private equity group Ratos.
[18] In 2012, through the firm's legacy, pre-fund investment process, OpenGate Capital acquired the Latin American operations of Getronics from the Dutch conglomerate, KPN.
[19][20][21] In April 2024, OpenGate sold the French waterproofing and building insulation firm SMAC to Compagnie Financière Jousset, making 10 times its $17 million investment.
[23] In November 2016, OpenGate Capital completed the acquisition of the zinc products business of the Belgian company Umicore for $150 million in debt and equity.
[29] OpenGate's other acquisitions include manufacturing companies Chemisphere, a St. Louis, Missouri-based specialty solvent blender and chemical distributor,[30] and Extrusiones de Toledo (Extol), one of the leaders in the aluminum extrusion sector in Spain and France.
[42] On October 7, 2014, an official ceremony was held to celebrate the inauguration of the first Esperanza Azteca America program at the Florence Nightingale Middle School in Los Angeles.