TenCate Grass Expands By Acquiring Sports & Leisure Group
Deal News | Jun 05, 2025 | PR Newswire Cision TenCate Grass
TenCate Grass Holding B.V., a leader in artificial grass and sports surface solutions, has announced its acquisition of Sports & Leisure Group N.V. The move, they believe, enhances their strategic market presence and product offering. The acquisition involves buying all shares previously held by an affiliate of Sun Capital Partners. The leadership of SLG plans to reinvest part of their proceeds back into TenCate. Notably, SLG brings along its subsidiaries, Limonta Sport and Domo Sports Grass, offering a broader geographical footprint. Legal advisers for the deal included Stibbe and Latham & Watkins for TenCate, with Eubelius and Weil, Gotshal & Manges for SLG.
Sectors
- Artificial Turf Manufacturing
- Sports Facilities and Infrastructure
- Private Equity
Geography
- Netherlands – TenCate Grass is based here, and it's a key location for their operations.
- Belgium – Headquarters of Sports & Leisure Group, which plays a central role in this acquisition.
- United States – Part of TenCate’s production operations, and Latham & Watkins, a legal advisor in this deal, is based in New York.
- Global – The companies have a wide international presence, indicative of the global nature of their business operations.
Industry
- Artificial Turf Manufacturing – Both TenCate Grass and Sports & Leisure Group are major players in this industry, focusing on manufacturing and distributing artificial grass.
- Sports Facilities and Infrastructure – The acquisition strengthens TenCate's offering in the sports facilities sector, expanding its market reach and product diversity in this growing industry segment.
- Private Equity – Sun Capital Partners' involvement as the seller positions this acquisition squarely within the realm of private equity transactions.
Financials
- 12 billion USD – Estimated annual market size for sports surfaces and outdoor spaces, which TenCate aims to capitalize on.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TenCate Grass Holding B.V. | Buyer | Company | A vertically integrated leader in artificial turf and sports surface solutions. |
| Sports & Leisure Group N.V. | Target company | Company | Manufacturer, distributor, and installer of artificial grass, focused on the European market. |
| Sun Capital Partners, Inc. | Selling Company | Company | Private equity firm selling shares in SLG. |
| Michael Vogel | CEO of TenCate | Person | Overseeing the acquisition and strategic direction of TenCate. |
| John Penninck | CEO of SLG | Person | Leading SLG and involved in strategic realignment post-acquisition. |
| Stibbe | Legal advisor | Company | Provided legal advice to TenCate in Brussels and Amsterdam. |
| Latham & Watkins LLP | Legal advisor | Company | Advised TenCate, based in New York. |
| Eubelius | Legal advisor | Company | Provided legal advice to SLG in Brussels. |
| Weil, Gotshal & Manges LLP | Legal advisor | Company | Provided legal advice to SLG, based in London. |