# Gilde, Parcom and ABN Amro to take TenCate private for €675 million

Gilde Buy Out Partners, Parcom Capital and ABN Amro Participaties have agreed to acquire Dutch textile multinational TenCate for €675 million, taking it private via a newco called Tennesee Acquisition.

- Type: Acquisition
- Announced: 2023-11-08
- Where: Netherlands
- Value: $735.0M (675.0M EUR)
- Status: announced
- Products: protective fabrics, advanced composites, advanced armour, geosynthetics, synthetic grass
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Parcom Capital](https://endata.com/companies/21877.md) (acquirer)
- [Gilde Buy Out Partners](https://endata.com/companies/30111.md) (acquirer)
- [ABN AMRO Participaties](https://endata.com/companies/32169.md) (acquirer)
- [TenCate](https://endata.com/companies/73631.md) (target)

## Sources

- [unquote.com](https://www.unquote.com/benelux/official-record/67446/gilde-et-al-to-delist-tencate-in-eur675m-take-private), 2023-11-08: "The €675m take-private, expected to go forward between September and October 2015, will feature a €362.5m equity injection jointly provided by Gilde, Parcom and ABN Amro."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.