Sun (European and Sun Capital) Affiliates Acquire TENAX

Sun European Affiliate Acquires CNC Holding BV

October 19, 2020

Manufacturing

An affiliate of Sun European Partners has agreed to acquire CNC Holding BV, a leading European producer and supplier of mushroom cultivation substrate, from Coöperatieve Nederlandse Champignonkwekersvereniging U.A. The transaction (terms undisclosed) will enable Sun European to support CNC's international growth and operational improvements; the deal is subject to customary regulatory approvals.

Marlin Equity Partners Acquires Majority Stake in Tennaxia

March 9, 2023

Cloud & SaaS

Marlin Equity Partners, with co-investment from Bpifrance, completed a majority investment in Tennaxia, a Laval, France–based cloud software provider for EHS and ESG data management. The founders and management remain involved as the deal will support Tennaxia’s product development and international expansion.

NTC Group Consolidates Ownership of Tenax Aerospace via Refinancing and Junior Capital Buyout

January 8, 2026

Aerospace & Defense

NTC Group completed a refinancing and buyout of junior capital that consolidates its ownership of Tenax Aerospace to approximately 80%, ending Bain Capital Credit’s investment. The transaction included new junior capital led by AEA Private Debt and senior debt facilities arranged by Regions Capital Markets to support Tenax’s next phase of growth.

TenCate Grass Acquires Sports & Leisure Group from Sun European Affiliate

June 5, 2025

Manufacturing

TenCate Grass Holding B.V. has acquired Sports & Leisure Group (SLG), a vertically integrated artificial turf systems manufacturer headquartered in Sint‑Niklaas, Belgium. The shares were sold by an affiliate of Sun European Partners; former SLG shareholders, including the Sun European affiliate, will reinvest part of the sale proceeds into TenCate. The deal expands TenCate's geographic footprint and Outdoor Living portfolio across Europe, the Middle East, Africa, Southeast Asia and South America.

Valeas Capital Partners Acquires Majority Stake in Suntera Global

May 7, 2025

Financial Services

Valeas Capital Partners will acquire a majority stake in Suntera Global, the Jersey-headquartered provider of fund, corporate and private wealth services, with Palatine Private Equity exiting. Carlyle provided a financing package to refinance debt and support Suntera's growth; the deal is expected to close in the second half of 2025 as Valeas and management pursue digital transformation, capability expansion and further strategic acquisitions.

TA Associates to Acquire Surfaces Group from Astorg

August 6, 2020

Manufacturing

TA Associates has signed a binding agreement to acquire Surfaces Group, the Italy-headquartered global supplier of abrasive tools and consumables, from private equity firm Astorg. Surfaces Group, based in Cenate Sotto, Italy, generates over €100 million in sales, employs more than 500 people across 13 production plants and multiple international subsidiaries, and the deal is expected to close in Q4 2020 subject to customary conditions.