OpenGate Capital Strengthens Executive Operations Team with Hire of Desmond Nugent
February 08 2016 - 11:53AM
Business Wire
Desmond Nugent Joins as Principal Overseeing
North American Portfolio Operations
OpenGate Capital, a global private equity firm, announced today
that it has strengthened its bench of professionals with the hire
of Desmond Nugent as a Principal, overseeing the operations of the
firm’s North American portfolio companies. Mr. Nugent was most
recently a Principal with The Gores Group and will be working from
OpenGate Capital’s Los Angeles headquarters.
Mr. Andrew Nikou, OpenGate Capital’s founder and managing
partner, commented, “Desmond is a world-class, tenured investment
professional who brings with him incredible leadership and
operational strengths that will be integral to our acquisition and
operations strategy. In his role, Desmond will be a valuable
leadership resource for our in-house operations team, and our
portfolio of companies will benefit from his multi-faceted
experience.”
Mr. Nugent will oversee operations for the firm’s North American
portfolio of businesses and he will provide operations support to
the firm’s M&A team on all transactions across the
Americas.
Commenting on his hiring, Mr. Nugent said, “I am excited to join
OpenGate Capital and look forward to working with the entire team.
OpenGate Capital has forged a unique position in the lower middle
market, particularly on cross-border transactions. I am eager to
work on the current pipeline of opportunities and portfolio of
companies that operate in a wide spectrum of industries.”
Prior to joining OpenGate Capital, Mr. Nugent was a Principal
with The Gores Group in Los Angeles where, in the last five years,
he held board and operational leadership positions at six portfolio
companies. Mr. Nugent was responsible for each portfolio company’s
financial oversight and partnered with the management teams to
drive revenue growth, operational effectiveness, and profit
improvement. Mr. Nugent has also held senior executive finance and
operations positions in companies in New York, Chicago, London, and
Milan. Mr. Nugent earned his MBA from Columbia University, a
Post-Graduate Diploma in Accounting from Queens University of
Belfast, Northern Ireland, and a Bachelor of Arts with Honors in
Accounting from the University of Ulster, Belfast, Northern
Ireland.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in
the acquisition and operation of businesses seeking revitalization
through growth and operational improvements. Established in 2005,
OpenGate Capital is headquartered in Los Angeles, California and
maintains offices in New York, Paris, France and São Paulo, Brazil.
OpenGate’s professionals possess the critical skills needed to
acquire, transition, operate and build successful businesses. To
date, OpenGate Capital has executed more than 40 transactions
ranging from corporate divestitures to turnaround acquisitions,
industry consolidations and other special situation investments.
The OpenGate portfolio of wholly owned businesses generates
approximately $2 billion in revenue and includes businesses from a
wide range of industries and geographic markets. For more
information, please visit www.opengatecapital.com.
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OpenGate Capital Media ContactAlanna Chaffin, +1 (310)
432-7000achaffin@opengatecapital.comorOpenGate Capital Business
Development ContactJoshua Adams, +1 (310)
432-7000jadams@opengatecapital.com