# OpenGate Capital enters exclusive discussions to sell SMAC to CFJ and management

OpenGate Capital has entered exclusive discussions to sell SMAC, a French waterproofing and building envelope systems supplier, to Compagnie Financière Jousset and the SMAC management team. The transaction is expected to close before the end of Q2 2024.

- Type: Acquisition
- Announced: 2024-03-04
- Where: France
- Status: announced
- Products: waterproofing systems, building envelope systems
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [OpenGate Capital](https://endata.com/companies/19786.md)
- [SMAC](https://endata.com/companies/76030.md) (target)
- [Compagnie Financière Jousset](https://endata.com/companies/76031.md) (acquirer)

## Sources

- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2024-3-4-opengate-capital-enters-into-exclusive-discussions-to-sell-smac), 2024-03-04: "OpenGate Capital has entered into exclusive discussions for the sale of SMAC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.