TenCate Grass Sold to Crestview

Industrial
Consumer

TenCate Grass, a portfolio company of TenCate, owned by a consortium led by Gilde, acquisition by Crestview


Summary

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.

Baird served as the exclusive financial advisor to TenCate on this transaction.

About

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.
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Industrial
Consumer

TenCate Grass, a portfolio company of TenCate, owned by a consortium led by Gilde, acquisition by Crestview

Date
October 2021
Company
TenCate
Transaction
M&A - Sellside
Sectors
Industrial
Consumer
Verticals
Fitness & Sporting Good
Highly Engineered Components
Target Location
Europe
Acquiror Location
North America

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