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The investment marks Crestview's entry into this fast-growing and highly fragmented industry, which has an estimated annual market size of US$5 billion

New York and Naivadar, the Netherlands, September 14, 2021 /PRNewswire/ - Crestview Partners ("Crestview") today announced that it will start from Royal TenCate ("TenCate"), led by Gilde Buy Out Partners ("Gilde") Consortium owns. Crestview is investing together with the existing management team, which will continue to lead the company's growth in the coming years.

TenCate Grass, headquartered in Neverdal, the Netherlands, has revenues of approximately US$600 million and has grown substantially in the past five years, leveraging its historical position as the world's largest manufacturer of artificial grass and yarn backings to become a full-service vertical integration Supplier's comprehensive artificial turf solutions, from manufacturing to distribution, installation and maintenance.

Through a combination of organic growth and mergers and acquisitions, Tmall Grass has expanded into the high-growth landscape terminal market, supplementing the company's leading position in the sports field, and under the long-term tailwind, the rapidly growing United States has gained a leading position, including saving Use water and increase participation in sports, fitness and leisure experiences. As the market leader in an estimated $5 billion market each year, TenCate Grass prides itself on its record of sustainability-related innovation throughout the life cycle of artificial turf products.

Today, the company has a global footprint, including manufacturing and distribution facilities in the Netherlands, the United States and the United Arab Emirates, and operations in more than forty countries in North America, Europe, Asia, Oceania and Africa. TenCate Grass serves a wide range of global customers, including The Home Depot, the University of San Francisco, Harvard University, and various professional sports teams including the New England Patriots and PSV Eindhoven.

Michael Vogel, Chief Executive Officer of TenCate Grass, said: "Looking back at being a member of the TenCate family and the partnership with Gilde over the years, we are very proud. We are very pleased that Crestview has become a new investor in the next chapter of TenCate Grass' history. They are Sharing our passion for our products and services, and having highly complementary experience in sports and leisure. We believe that Crestview’s expertise, resources and global influence, as well as their commitment to acquisition and expansion strategies, will enable us to achieve Our growth potential."

Crestview’s co-president and partner Brian Cassidy added: “Due to some compelling long-term trends that Crestview has been investing in over the years, the artificial turf market is growing rapidly. The importance of sports and fitness to consumers is as urbanization The process is paying more and more attention to space, and we also regard artificial grass as part of a wide range of solutions that help solve water shortage problems around the world. We believe in TenCate Grass’s first-class research and

Product development and a world-class leadership team will enable it to take advantage of these growth opportunities. We look forward to working with management and expanding the company's influence in both organic and inorganic ways. "

Hein Ploegmakers, partner of Gilde Buy Out Partners, commented: “We are proud to participate in the strong development of TenCate Grass and support their growth strategy. As always, we will continue to follow them with great interest.”

The consultant TenCate was consulted by Robert W. Baird & Co. and Clifford Chance LLP. Crestview’s consultants are Paul, Weiss, Rifkind, Wharton & Garrison LLP and Houthoff.

Societe Generale, ING Group and Jefferies Group represented Crestview and TenCate Grass in financing matters.

About TenCate Grass TenCate Grass is a leading manufacturer, distributor and installer of vertically integrated artificial turf solutions. The company is headquartered in the Netherlands, with manufacturing plants in the Netherlands, the United States and the United Arab Emirates, serving customers in more than 40 countries. The company provides artificial turf solutions for sports and landscaping applications through a diversified brand portfolio. For more information, please visit https://www.tencategrass.com.

About Crestview Founded in 2004, Crestview is a value-oriented private equity company focused on the middle market. The company is headquartered in New York and manages a total of approximately US$10 billion. The company is led by a group of partners with complementary experience and outstanding backgrounds in private equity, finance, operations and management. Crestview has experienced investment experts who focus on finding and managing investments in each of the company's professional fields: media, industrial and financial services. For more information, please visit www.crestview.com.

For more information, please contact: Jeffrey Taufield or Daniel Yunger Kekst CNC (212) 521-4800 [email protected] / [email protected]

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