IFLR1000

Gilde Buy Out Partners consortium €675 million acquisition of Royal Ten Cate

29/1/2016
Public acquisition
Select tab

€ 714 million

$ 785.4 million

Announced

29/1/2016

Overview:

  • Tennessee Acquisition, a company controlled by a Gilde Buy Out Partners-led consortium and also including Parcom Capital and ABN Amro Participaties, has acquired Koninklijke (Royal) Ten Cate (TenCate) for €675 million.
  • Shareholders will receive €24.60 a share.
  • ABN AMRO Bank and Rabobank acted as financial advisors to TenCate. ING Corporate Finance acted as exclusive financial advisor to Tennessee Acquisition, the Offeror.
  • TenCate (Royal Ten Cate) is a Dutch manufacturer of flame resistant materials.

Wai Yee Tsang - Journalist

Jurisdiction:

Netherlands

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Construction and materials

Firms:
A&O Shearman

Party: Koninklijke Ten Cate (Supervisory board)

Clifford Chance

Party: Gilde Buy Out Partners (Borrower, Acquirer)

De Brauw Blackstone Westbroek

Party: Koninklijke Ten Cate (Target)

Freshfields Bruckhaus Deringer

Party: ABN Amro (Underwriter)

Party: Bank of America Merrill Lynch (Underwriter)

Party: BNP Paribas Fortis (Underwriter)

Party: ING Bank (Underwriter)

Party: Rabobank (Underwriter)

Van Doorne

Party: Koninklijke Ten Cate (Management)

Lawyer: Onno Boerstra

Related deals