13 January 2015

Royal Ten Cate agrees to sell TenCate Enbi

+ 2 other team members
De Brauw Blackstone Westbroek has assisted Royal Ten Cate on reaching an agreement with Platinum Equity, a US-based private equity investor, regarding the sale of TenCate Enbi.

The transaction is expected to close in the first half of 2015. The sale completes the Fix-It / Exit strategy that has consolidated the activities of TenCate as a materials technology company on technical textiles. TenCate Enbi is a supplier of components and materials to leading companies (original equipment manufacturers) primarily in the printer and copier markets. TenCate Enbi has manufacturing facilities in Germany, Hungary, the US and China.

De Brauw acted as lead counsel to Ten Cate.

Ton Schutte (lead partner), Okke Suurenbroek, Mecheline Gaaf, Simon Polkerman, Han Shi Chen, Eline Viersen, Angela van Breda, Ingrid Mensing, Mathieu Schimmel, Ferdinand Hengst and Pieter Hooghoudt