Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
October 2021
Company:
TenCate
Description:
Sale to Crestview Partners
Sector(s):
Industrial
Consumer
Baird served as the exclusive financial advisor to TenCate on this transaction


TenCate Grass Holding B.V. (“TenCate Grass” or the “Company”), a portfolio company of Royal TenCate (“TenCate”), owned by a consortium led by Gilde Buy Out Partners (“Gilde”), was recently acquired by Crestview Partners (“Crestview”) alongside the existing management team. The terms of the transaction have not been disclosed.

TenCate Grass is a leading, vertically integrated manufacturer, distributor and installer of artificial turf solutions. Headquartered in the Netherlands with manufacturing facilities in the Netherlands, the United States, and the United Arab Emirates, the Company serves customers in more than 40 countries. The Company provides artificial turf solutions for both sports and landscaping applications with a portfolio of diversified brands.

Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions investing primarily in the Benelux and DACH region. Gilde manages funds in excess of EUR 3 billion and has offices in Frankfurt, Zurich, Utrecht, Milan and Brussels. Since its inception in 1982, Gilde has supported more than 250 companies to realize their growth ambitions.

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. Crestview is based in New York, New York and manages funds with approximately $10 billion of aggregate capital commitments. Crestview is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: media, industrials and financial services.

For additional information about this transaction, please contact:

Alex Ballantine +44-20-7667-8242
Vinay Ghai +44-20-7667-8225
Jon Fitzsimmons +1-414-298-2460
Nick Sealy +44-20-7667-8370
Chris Cooper +1-704-553-6610
Damiaan van Ballegooijen +44-20-7667-8176