Crestview Partners’ Acquisition of TenCate Grass

Paul, Weiss, Rifkind, Wharton & Garrison and Houthoff advised Crestview Partners in the transaction. Clifford Chance advised Royal TenCate.

Crestview Partners executed its acquisition of TenCate Grass Holding B.V. from Royal TenCate, owned by a consortium led by Gilde Buy Out Partners. Crestview is investing alongside the existing management team, which will continue to lead the growth of TenCate Grass. Financial terms of the transaction were not disclosed. 

Headquartered in Nijverdal, the Netherlands, TenCate Grass is the world’s largest, vertically integrated manufacturer, distributor and installer of artificial turf solutions.

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. 

The Paul, Weiss team included corporate partners Neil Goldman (Picture), David Tarr, David Carmona and Lindsey Wiersma and counsel Jason Tyler; executive compensation partner Andrew Gaines and counsel Lisa Krausz Eisenberg and Jacob Glazeski; intellectual property partner Charles Googe; tax partner David Mayo; real estate partner Peter Fisch; environmental counsel William O’Brien; and antitrust counsel Marta Kelly and Yuni Sobel.

The Houthoff team was led by Michiel Pannekoek included Philip van der Eijk, Jessica den Dekker, Esmee de Bos, Maartje Verstappen, Ageeth Panman, Wynand van Seters and Josine van Slingerland.

The Clifford Chance team was led by Hans Beerlage and Stephanie Phillips, and further consisted of Jorrit Sijl, Ellen de Kok, Lotte van den Berg and Ruben van Diepen (Corporate), Jaap Tempelman, Andrei Mikes and Sophie Wijdeveld (IP), Folko de Vries, Herman Steinvoort, Bahar Sharif (Finance), Mark-Jan Arends, Leen Kranenburg (Notarial), Michiel Sunderman, Alec Sanderson (Tax), Floris van de Bult and Sanne Blankestijn (Employment).

 

Involved fees earner: Mark Jan Arends – Clifford Chance; Hans Beerlage – Clifford Chance; Sanne Blankestijn – Clifford Chance; Ellen de Kok – Clifford Chance; Folko de Vries – Clifford Chance; Leen Kranenburg – Clifford Chance; Andrei Mikes – Clifford Chance; Stephanie Phillips – Clifford Chance; Bahar Sharif – Clifford Chance; Jorrit Sijl – Clifford Chance; Herman Steinvoort – Clifford Chance; Michiel Sunderman – Clifford Chance; Jaap Tempelman – Clifford Chance; Floris van de Bult – Clifford Chance; Ruben van Diepen – Clifford Chance; Sophie Wijdeveld – Clifford Chance; Esmee de Bos – Houthoff; Jessica den Dekker – Houthoff; Ageeth Panman – Houthoff; Michiel Pannekoek – Houthoff; Philip van der Eijk – Houthoff; Wynand van Seters – Houthoff; Josine van Slingerland – Houthoff; Maartje Verstappen – Houthoff; David Carmona – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Jacob Glazeski – Paul Weiss Rifkind Wharton & Garrison; Neil Goldman – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Lisa Krausz Eisenberg – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; David Tarr – Paul Weiss Rifkind Wharton & Garrison; Jason Tyler – Paul Weiss Rifkind Wharton & Garrison; Lindsey Wiersma – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Clifford Chance; Houthoff; Paul Weiss Rifkind Wharton & Garrison;

Clients: Crestview Partners; Royal Ten Cate;