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A NEW MODEL: OpenGate Capital is seeking acquisitions in the media and fashion industries, and during the past month, the firm has acquired TV Guide Magazine and now, Models 1, the largest model and talent agency in the U.K. and Europe, which has a roster including Agyness Deyn, Amber Valletta, Linda Evangelista and Karolina Kurkova. OpenGate founder and managing partner Andrew Nikou said the firm wants to invest in companies with strong brand equity and a solid track record, adding that he is pursuing opportunities in high fashion, including a “very well-known luxury handbag business.” He declined to reveal more details.
— Amy Wicks
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