OpenGate Capital completed the acquisition of the silicon carbide division of Saint-Gobain.

OpenGate Capital, a global private equity firm, completed the acquisition of the silicon carbide division of Saint-Gobain, a French multinational manufacturing corporation. Financial terms were not disclosed. "OpenGate’s investment in Fiven marks an exciting opportunity at a time that the business continues to benefit from its position in a fragmented market and power-related product applications which are experiencing robust growth," Sebastien Kiekert Le Moult, OpenGate Capital Partner.