I just dont find it funny to ruin peoples lives. A link has been emailed to you - check your inbox. The 10-year-old private equity firm has acquired some 20 companies since its founding, and famously bought TV Guide for $1 in 2008. [8] In 2004, he left Platinum Equity and moved back to Los Angeles to start his own global investment firm. In 2001, Nikou began his career in private equity at Platinum Equity. But those changes did not prepare workers for its sudden closure when, in the middle of the afternoon on a Friday, employees were asked to pack up and leave. In fact, prosecutors allege, it was the senior Dardens neer-do-well son who had already spent three years in jail on an unrelated stock swindle looking to buy the lad mag. OpenGate Capital has refinanced EverZinc, a global leading zinc At age 25, he moved to Paris to help open the firm's first European office. Several pre-fund, legacy investments that were made with the personal capital of Andrew Nikou and the Partners at OpenGate Capital were sold: Benvic was sold to InvestIndustrial in December 2017, NorPaper Avot-Vallee was sold in 2018 to a private investor, and in January 2019, NAKAN (the largest division within Ivy Group) was sold to Westlake Chemical Corporation. "They basically told us 'We don't want to get to . This story has been shared 673,260 times. [12] In 2010, Nikou was behind the OpenGate bid for Newsweek, owned by the Washington Post Company, but the firm did not acquire the publication.[13]. The efforts by Cerberus Capital Management to unload Maxim magazine in late 2013 may go down as one of the most litigious divestments in publishing history. OpenGate Capital, the private equity firm that owns their employer, Hufcor, announced it was moving their plant out of Janesville taking those workers jobs and livelihoods with it. Do Not Sell or Share My Personal Information, Musk said hed never settle an unjust legal case against him.
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