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New Deal


Announced

DBAG-backed Heytex to acquire TenCate Outdoor.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Netherlands

Pending

textiles

Majority

Acquisition

Textile Products

Cross Border

Single Bidder

Friendly

Private

Synopsis

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DBAG-backed Heytex, a manufacturer of heavy-duty fabrics, agreed to acquire TenCate Outdoor, a manufacturer of technical textiles primarily focused on tent and sun awnings market. Financial terms were not disclosed. "With this company acquisition, we strengthen our base with special technological knowledge and complete our product portfolio. Last but not least, the company acquisition enables us to gain efficiency through synergies in purchasing and sales," Hans-Dieter Kohake, Heytex Chairman.

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