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Private Equity

Opengate Capital To Acquire Jøtul Group

by vcaonline.com posted 10months ago 47 views
OpenGate Capital to Acquire Jøtul GroupAcquisition of Premium Manufacturer of Branded Stoves and Fireplaces Specializing in Home Comfort Heating to be Complete by end of February LOS ANGELES & PARIS, February 12, 2018-- OpenGate Capital, a global private equity firm, announced today that it has signed an agreement to acquire Jøtul Group (“Jøtul”), a leading manufacturer of residential stoves and fireplaces, from Ratos AB (STO: RATO-B), a Swedish listed investment company. Closing is expected to occur by the end of February, after certain conditions precedent are satisfied.