L. ten Cate Enterprises BV has been acquired by a buy-in manager and Antea Participaties

A private investor has sold L. ten Cate Enterprises BV to Antea Participaties and a buy-in manager for an undisclosed consideration.

L. ten Cate is a market leading player in the design and distribution of basic and fashionable underwear, lingerie and swim and beachwear, and is active in the Netherlands, Belgium, Germany and the UK. The company's well-known brands are positioned towards the fashion stable mid and upper-mid segment of the market. Product collections are developed by an experienced in-house design team. The company’s extensive wholesale distribution network consists of approximately 3,400 points of sale within the Netherlands and Belgium. Product collections are sold through specialist lingerie and sport stores, department stores, food and drug stores, online web shops, textile retailers and owned outlet stores.

Antea Participaties is a private equity firm specializing in growth capital, management buy-outs and management buy-ins.

Oaklins' team in the Netherlands acted as the exclusive M&A advisor to the seller in this transaction.