M&A Deal Summary

Crestview Partners Acquires TenCate Grass

On September 14, 2021, private equity firm Crestview Partners acquired manufacturer TenCate Grass from TenCate Grass

Acquisition Highlights
  • This is Crestview Partners’ 3rd transaction in the Manufacturing sector.
  • This is Crestview Partners’ 1st transaction in the Netherlands.
Investment Fate
  • TenCate Grass was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2021-09-14
Target TenCate Grass
Sector Manufacturing
Buyer(s) Crestview Partners
Sellers(s) TenCate Grass
Deal Type Divestiture

Target

TenCate Grass

Nijverdal, Netherlands
website
TenCate Grass is a vertically integrated manufacturer, distributor, and installer of artificial turfsolutions. TenCate Grass provides artificial turf solutions for both sports and landscaping applications with a portfolio of diversified brands. TenCate Grass is based in Nijverdal, Netherlands.

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Buyer(S) 1

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 48 of 55
Sector (Manufacturing) 3 of 3
Type (Divestiture) 4 of 4
Country (Netherlands) 1 of 1
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 JMP Solutions

London, Ontario, Canada

JMP Solutions is an Industrial Technology Partner to Fortune 1000 manufacturers and producers providing engineering services and turnkey solutions in seven core areas: process automation, control system integration, information and MES, automation and robotics, automated guided vehicles, material handling, and networking and security applications. JMP Solutions was founded in 1987 and is based in London, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 ICM Partners

Los Angeles, California, United States

ICM Partners is a talent and literary agency. ICM represents clients in the fields of motion pictures, television, music, publishing, live performance, branded entertainment, and new media. ICM Partners was established in 1975 and is based in Los Angeles, California.

Sell -

Seller(S) 1

SELLER

TenCate Grass

Dayton, Tennessee, United States

website

Category Company
Sector Manufacturing
DESCRIPTION

TenCate Grass is a developer, manufacturer and global supplier of innovative artificial turf components and systems. TenCate Grass was based in Dayton, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Synthetic Grass Warehouse

Anaheim, California, United States

Synthetic Grass Warehouse, Inc. is specializes in turf products designed for landscaping, pets, putting greens, and playgrounds. Synthetic Grass Warehouse was formed in 2004 and is based in Anaheim, California.

Buy -
Mergr

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