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TV Guide owner OpenGate Capital buys Gabriel North America
Monday, June 29, 2009
Steve Cohn

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Beverly Hills-based equity firm OpenGate Capital is acquiring auto-parts manufacturer Gabriel North America from ArvinMeritor for an undisclosed price. Purchase is OpenGate's first in the automotive sector; it bought TV Guide in October 2008 from Macrovision, and on June 8, it acquired French children's magazine publishers Fleurus Presse and Junior Hebdo from Groupe Le Monde.

OpenGate is teaming with Gabriel NA management, as it did with TVG.  But that hit a bump on June 1 with the abrupt departure of TVG president Scott Crystal (min, June 8, 2009).

If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com

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