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OpenGate Capital to buy AICO

Private equity firm OpenGate Capital has agreed to acquire AICO S.p.A. as an accretive add-on to Jøtul Group. The seller is European private equity group Ambienta SGR. Financial terms of the transaction were not announced. AICO is an Italian manufacturer of residential stoves, fireplaces, boilers and cookers.

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PE Deals,Private Equity Deals, Private Equity