Crestview to Sell Majority Stake in TenCate Grass to Leonard Green

Paul, Weiss is advising TenCate Grass Holding B.V. and Crestview Partners in the sale of a majority stake in TenCate to Leonard Green & Partners, LP. Under the terms of the agreement, Leonard Green will purchase all the shares of TenCate currently owned by Crestview and other select shareholders. Financial terms of the transaction, expected to close in February 2024, were not disclosed.

The Paul, Weiss team is led by corporate partners Neil Goldman and Megan Spelman, and includes partners David Tarr, Andreas Philipson and Manuel Frey, and counsel Usman Arain and Todd Hahn; tax partners Matthew Jordan, David Mayo and Patrick Karsnitz, and counsel Sarah Katz; intellectual property partner Chuck Googe; executive compensation partner Jarrett Hoffman and counsel Lisa Krausz Eisenberg; real estate partner Peter Fisch; litigation partner Aidan Synnott, and counsel Jared Nagley and Steven Herzog; antitrust counsel Yuni Sobel and Marta Kelly; and environmental counsel William O’Brien.