Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global, has entered into a strategic partnership with OpenGate Capital Management (OGC), a transatlantic mid-market buyout firm specializing in corporate carve-outs, which recently established an office in ADGM.
According to the statement, ADCP participated in the final closing of OGC’s third private equity fund. This fund will target acquisitions of majority stakes in lower to mid-market businesses within the broader industrial sector across the US and Western Europe.
OGC’s strategy will focus on driving efficiencies and operational improvements in companies that are operationally complex and performing below their potential. Among its core objectives, OGC will seek to enhance production processes, pursue international bolt-on acquisitions, and unlock liquidity by divesting non-core assets.
Founded by Andrew Nikou in 2005, OGC first raised institutional capital in 2016 and now manages over $1.5 billion of capital. The firm maintains a global footprint, with its North American headquarters relocating to New York City, and an office in Paris managing the firm’s European investments.
The recent establishment of an office in ADGM positions OGC well to expand its investment focus in the Middle East and North Africa (MENA) region. Since its inception in 2005, OGC has completed 42 platform acquisitions and counts 30 fully realized investments across North America and Western Europe.
Specializing in the industrial sector, OGC focuses on aerospace and defense, building materials, industrial and business services, chemicals, packaging, and capital goods – areas strategically aligned with the UAE’s national priorities.
Andrew Nikou, Founder and Managing Partner at OpenGate Capital, said that, “Our strategic partnership with ADCP and the opening of our new office in Abu Dhabi underscores OpenGate Capital’s commitment to establishing a lasting presence in the region.”
“Building on our track record across North America and Western Europe, we see substantial opportunities in the MENA market, particularly in sectors that fit with our expertise and strategic focus. We look forward to driving growth and innovation throughout the region and expanding our partnerships for the benefit of our portfolio companies and investors,” Nikou added.
