Tenten Solar has been acquired by Smile Invest

Smile Invest has acquired a majority stake in Tenten Solar. Together, both companies will be able to broaden their offering of renewable energy solutions and accelerate the energy transition in Europe.

Founded in 1999, Tenten Solar is a Netherlands-based company specialized in the sale and installation of solar panel systems for housing associations, consumers and businesses. Tenten Solar has its roots in electrical installation services and has been actively focused on solar energy since 2009. The company has built an excellent reputation in the market and has a large customer base especially in the eastern regions of the Netherlands.

Smile Invest is a European investment firm set up in 2017 with the focus on innovative growth companies driven by a compelling vision and the ambition to become market leaders. The firm invests in companies that have a strong focus on core themes, such as digitalization, innovation in healthcare and sustainability.

Quadrum Capital is an independent investment company that helps mid-market companies to achieve their growth ambitions in a structured and responsible manner.

Oaklins’ team in the Netherlands acted as the exclusive sell-side advisor to the shareholders of Tenten Solar.