Investments
10Portfolio Exits
5Partners & Customers
10About Tenneco
Tenneco (NYSE: TEN) is a manufacturing company with headquarters in Lake Forest, Illinois. Tenneco is a designer, manufacturer, and marketer of ride performance and clean air products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco's principal brand names are Monroe®, Walker®, XNOx® and Clevite® Elastomers.
Tenneco Headquarter Location
500 North Field Dr.
Lake Forest, Illinois, 60045,
United States
847-482-5133
Expert Collections containing Tenneco
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Fortune 500 Investor list
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Latest Tenneco News
Jun 28, 2022
audioundwerbung/iStock via Getty Images Tenneco (NYSE: TEN ) was raised to overweight at JPMorgan as the auto supplier's $7.1 billion sale to Apollo Global ( APO ) is likely to close on the agreed upon terms. Tenneco ticked up 0.7%. JPMorgan analyst Ryan Brinkman sees three potential scenario for the $20/share deal with 1) the transaction closes on agreed terms, 2) the deal is renegotiated at a lower price and 3) the transaction is terminated, which he see as less likely, though it does contain "substantial" downside risk. In the case of a deal termination, Tenneco ( TEN ) shares could retreat to as low as ~$9.30/share, according to Brinkman. There's a potential for TEN to trade even lower given higher than sector average leverage. "Clearly, this substantial downside risk has kept many investors on the sidelines, but it is also what enables the atypically high +16% upside opportunity (more than +32% annualized, should the transaction close on the agreed upon terms before the end of the year), and we estimate the likelihood of the transaction closing as planned is substantially greater than it being renegotiated or abandoned, for several reasons," Brinkman wrote in a note earlier on Tuesday. Brinkman highlighted that Tenneco's ( TEN ) announcement on Mondaythat it has c ommenced cash tender offers to purchases Tenneco's outstanding 5.125% and 7.875% notes is a good indication of the acquirer's intent to continue with the deal.
Tenneco Investments
10 Investments
Tenneco has made 10 investments. Their latest investment was in Optigraphics as part of their Series D on November 11, 1988.
Tenneco Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/1/1988 | Series D | Optigraphics | $8M | No | Battery Ventures, Bigler, BMW Group, Harrison Capital, Henry, HgCapital, Hook Partners, Shea Ventures, Undisclosed Investors, and UNION | 1 |
1/1/1988 | Series B | Maxwell Hybrids | No | Allstate Investments, Apex Venture Partners, Undisclosed Investors, and Valley Ventures | 1 | |
5/1/1987 | Series C | Optigraphics | $4M | Yes | Battery Ventures, Bay Partners, Harrison Capital, Hook Partners, Undisclosed Investors, and UNION | 1 |
1/1/1987 | Series A | |||||
1/1/1987 | Series A |
Date | 11/1/1988 | 1/1/1988 | 5/1/1987 | 1/1/1987 | 1/1/1987 |
|---|---|---|---|---|---|
Round | Series D | Series B | Series C | Series A | Series A |
Company | Optigraphics | Maxwell Hybrids | Optigraphics | ||
Amount | $8M | $4M | |||
New? | No | No | Yes | ||
Co-Investors | Battery Ventures, Bigler, BMW Group, Harrison Capital, Henry, HgCapital, Hook Partners, Shea Ventures, Undisclosed Investors, and UNION | Allstate Investments, Apex Venture Partners, Undisclosed Investors, and Valley Ventures | Battery Ventures, Bay Partners, Harrison Capital, Hook Partners, Undisclosed Investors, and UNION | ||
Sources | 1 | 1 | 1 |
Tenneco Portfolio Exits
5 Portfolio Exits
Tenneco has 5 portfolio exits. Their latest portfolio exit was Tenneco - Global Aftermarket Filters Business on November 03, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
11/3/2020 | Divestiture | Tenneco - Global Aftermarket Filters Business | 1 | ||
Date | 11/3/2020 | ||||
|---|---|---|---|---|---|
Exit | Divestiture | ||||
Companies | Tenneco - Global Aftermarket Filters Business | ||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
Tenneco Acquisitions
2 Acquisitions
Tenneco acquired 2 companies. Their latest acquisition was Ohlins Racing on November 15, 2018.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/15/2018 | Acquired | 4 | ||||
4/10/2018 |
Date | 11/15/2018 | 4/10/2018 |
|---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 4 |
Tenneco Partners & Customers
10 Partners and customers
Tenneco has 10 strategic partners and customers. Tenneco recently partnered with HCL Technologies on March 3, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/31/2021 | Vendor | India | HCL to modernize and transform Tenneco’s technology landscape | HCL Technologies Noida , India -- March 31 , 2021 -- HCL Technologies , a leading global technology company , today announced an agreement with Tenneco Inc. , a leading Fortune 500 global tier-1 automotive supplier and manufacturer , for a multi-year , integrated application development , modernization , and operations services contract . | 3 | |
3/25/2021 | Partner | Ireland | 1 | ||
3/25/2021 | Partner | Ireland | Eaton and Tenneco partner to produce new, integrated exhaust thermal management system Power management company Eaton and Tenneco today announced a joint development agreement between Eaton and Tenneco 's Clean Air business group to produce an integrated exhaust thermal management system that will enable commercial truck and light vehicle manufacturers to meet upcoming emissions regulations | 8 | |
9/28/2020 | Vendor | ||||
3/2/2018 | Partner |
Date | 3/31/2021 | 3/25/2021 | 3/25/2021 | 9/28/2020 | 3/2/2018 |
|---|---|---|---|---|---|
Type | Vendor | Partner | Partner | Vendor | Partner |
Business Partner | |||||
Country | India | Ireland | Ireland | ||
News Snippet | HCL to modernize and transform Tenneco’s technology landscape | HCL Technologies Noida , India -- March 31 , 2021 -- HCL Technologies , a leading global technology company , today announced an agreement with Tenneco Inc. , a leading Fortune 500 global tier-1 automotive supplier and manufacturer , for a multi-year , integrated application development , modernization , and operations services contract . | Eaton and Tenneco partner to produce new, integrated exhaust thermal management system Power management company Eaton and Tenneco today announced a joint development agreement between Eaton and Tenneco 's Clean Air business group to produce an integrated exhaust thermal management system that will enable commercial truck and light vehicle manufacturers to meet upcoming emissions regulations | |||
Sources | 3 | 1 | 8 |
Tenneco Team
9 Team Members
Tenneco has 9 team members, including current Chief Executive Officer, Brian J. Kessler.
Name | Work History | Title | Status |
|---|---|---|---|
Brian J. Kessler | Chief Executive Officer | Current | |
Kevin Baird | Chief Operating Officer | Current | |
Michael Baunton | Sertec, Smmt, ACAL Energy, TT Electronics, EEF, Caterpillar, and Perkins Engines | President, Managing Director | Former |
Jack Thompson | President | Former | |
Henry Hummel | Executive Vice President | Former |
Name | Brian J. Kessler | Kevin Baird | Michael Baunton | Jack Thompson | Henry Hummel |
|---|---|---|---|---|---|
Work History | Sertec, Smmt, ACAL Energy, TT Electronics, EEF, Caterpillar, and Perkins Engines | ||||
Title | Chief Executive Officer | Chief Operating Officer | President, Managing Director | President | Executive Vice President |
Status | Current | Current | Former | Former | Former |
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