OpenGate Capital Indicators Definitive Settlement to Purchase ScioTeq and TREALITY from TransDigm Group | Enterprise



LOS ANGELES – (BUSINESS WIRE) – March 2, 2021 –

OpenGate Capital, a worldwide non-public fairness agency, right now introduced the signing of a definitive settlement to amass the ScioTeq and TREALITY Simulation Visible Methods (“TREALITY”) companies from TransDigm Group Included (NYSE: TDG). The acquisition is topic to regulatory approvals and customary closing situations. Phrases of the deal weren’t disclosed.

ScioTeq and TREALITY develop and manufacture superior visualization options primarily for the worldwide protection, air site visitors management and safety markets. Collectively, the businesses have round 450 staff and their essential actions are in Belgium and the USA.

Commenting on the acquisition settlement, OpenGate Capital Founder and CEO Andrew Nikou mentioned: “We’re very happy to have entered into this settlement with TransDigm. ScioTeq and TREALITY are nicely established firms and signify the kind of funding the place we will use our world operations workforce to construct on the success of those firms and information them to a brand new chapter of progress.

TransDigm Group sells the actions to realign their essential enterprise technique. The acquisition is anticipated to be finalized within the second quarter of 2021.

Lazard Frères & Co. LLC acted as unique M&A and financing advisor to OpenGate Capital, Morgan, Lewis & Bockius LLP as authorized advisor, whereas Deutsche Financial institution AG is the only arranger of the power. senior secured acquisition financing.

About OpenGate Capital

OpenGate Capital is a worldwide non-public fairness agency specializing within the acquisition and operation of companies to create new worth by operational enhancements, innovation and progress. Based in 2005, OpenGate Capital is headquartered in Los Angeles, California, and a European workplace in Paris, France. OpenGate professionals have the important expertise wanted to amass, transition, function, construct and scale profitable companies. So far, OpenGate Capital, by its legacy and investments in its funds, has accomplished greater than 30 acquisitions, together with firm exclusions, administration buyouts, particular conditions and transactions with non-public sellers in North America and Europe. To be taught extra about OpenGate, please go to www.opengatecapital.com.

View supply model on businesswire.com:https://www.businesswire.com/information/residence/20210301005828/en/

CONTACT: OpenGate Media Contacts

Prosek Companions

E mail: Professional-opengate@prosek.comAlanna Chaffin

Co-manager, investor relations and communications

E mail: AChaffin@opengatecapital.com

Telephone: +1 310-432-7000 OpenGate Enterprise Growth Contact

Joshua adams

E mail: jadams@opengatecapital.com

Phone: +1 (310) 432-7000

KEYWORD: NORTH AMERICA FRANCE UNITED STATES EUROPE CANADA CALIFORNIA

INDUSTRY KEYWORD: OTHER MANUFACTURING TECHNOLOGIES FINANCE SECURITY AERIAL ENGINEERING TRANSPORT PROFESSIONAL SERVICES AUDIO / VIDEO MANUFACTURING

SOURCE: OpenGate Capital

Copyright Enterprise Wire 2021.

PUB: 03/02/2021 02:00 / DISC: 03/02/2021 02:00

http://www.businesswire.com/information/residence/20210301005828/en

Copyright Enterprise Wire 2021.



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