SLG

SLG is a manufacturer and distributor of artificial grass for sports pitches and private or public outdoor spaces. It was a subsidiary of a chemical group owned by a Belgian family.

Chequers acquired a 100% interest in SLG alongside its management team in a primary LBO.

Value creation

Value creation is based on an ambitious European growth plan supported by sustained organic growth in the artificial grass market and acquisitions aimed at strengthening the group’s distribution network outside of Belgium. During the four-year ownership period, revenues and operating profits increased by c.3x and c.4x respectively. This was thanks to a growing market, that the Company outperformed, and acquisitions, the Italian one of which transformational. In mid-2021, SLG was sold to an American financial investor, allowing it to pursue its development path in this geography.

Investment year
2017
Turnover at acquisition
€100-200m
Type of operation
MBO
Business sector
Asset light Industrials
Country
Belgium