Tenten Solar welcomes Smile Invest as partner for new growth phase
On April 5, Benelux investment firm Smile Invest takes a majority stake in Tenten Solar. Tenten Solar is a market leading player in the field of solar energy solutions in various customer segments. Smile Invest is taking over the stake from investor Quadrum Capital, alongside management.
Tenten Solar is a supplier of complete PV solar installations to private customers, housing corporations and companies. The company has a strong position in the Netherlands, making a major contribution to the sustainability agenda. Tenten Solar operates throughout the Netherlands and is physically located in Lichtenvoorde, Bodegraven and Tilburg. Smile Invest is acquiring the shares from investor Quadrum Capital, which has been involved with the company since 2019, alongside management. This keeps the current management team in place.
Berry Seesing (CEO), owner and director of the company since 2012, will remain active in his role and co-invest in the transaction alongside Smile: "The arrival of Smile Invest as a new investor marks the start of the next phase of our business. Smile Invest brings a lot of experience in the field of sustainable technology to the table. Together with the team and Quadrum, we have expanded Tenten Solar from a local party to a solid national player. In this new chapter in which quality, further expansion and broadening are paramount, we believe that Smile Invest, with its network and entrepreneurial approach, will be of great value to us."
Ivo Vincente and Ad Notenboom, Partners at Smile Invest, add: "We are impressed by the professionalism and quality of the organization combined with the relevant position that the company has been able to acquire in this relatively short period of time. We therefore strongly believe in the growth ambition where Tenten Solar can further gain market share and broaden its offering, through both organic and acquisitive growth. Its entrepreneurial nature, coupled with its strong ambitions and increasing focus on sustainability, fit perfectly within our investment focus. We look forward to supporting Tenten in this new phase of growth."
Peter Oostenenk, Partner at Quadrum Capital: "We have enjoyed working with Tenten Solar, Berry Seesing and his team on the growth and professionalization of Tenten Solar. Together we have doubled Tenten Solar in size and it has grown from a local to a national player with three locations, without losing its DNA. We wish Tenten Solar, the team and Smile Invest the best of luck in the further expansion of the company."