#H.I.G. Capital #London #United Kingdom #CCE Group #Hivest Capital

H.I.G. WhiteHorse and CCE Group: A Strategic Partnership

H.I.G. WhiteHorse, a credit subsidiary of the prominent global investment firm H.I.G. Capital, recently made headlines by announcing a substantial financing deal with CCE Group. This new financing arrangement, which entails a first-ranking secured credit facility, marks a pivotal step for CCE Group, a company that specializes in cabin and cargo equipment for the aviation sector.

Understanding CCE Group's Position

Headquartered in Paris, CCE Group was established in 2023 following the spin-off of Driessen and AviusULD from Safran, a leading aerospace company. This strategic initiative was aimed at creating a standalone entity that focuses on developing industry leaders in niche markets related to cabin and cargo systems. The group encompasses Driessen, which is renowned worldwide for providing solutions for on-board kitchens, including a variety of trolleys, containers, and connection systems. Meanwhile, AviusULD excels in manufacturing unit load devices, which are essential for air cargo operations.

Klaus Hofmann, CEO of CCE, emphasized the importance of this financing, stating, “This marks a significant milestone for CCE, providing us the flexibility to achieve our strategic objectives more rapidly.” The CCE leadership is enthusiastic about establishing a robust independent identity in the aerospace sector, having already built a solid foundation since their separation from Safran.

The Financing Impact

Barthélemy Grave, a Principal at Hivest, expressed excitement about the new partnership and its potential to unlock avenues for growth and expansion for CCE Group. The confidence that H.I.G. WhiteHorse brings to the table is projected to bolster the group’s development strategy, ensuring it remains competitive within the sector. “H.I.G. WhiteHorse is an ideal fit for us, and we are eager to collaborate effectively on this promising project,” said Grave.

Pascal Meysson, the head of H.I.G. WhiteHorse Europe, echoed this sentiment, noting that CCE Group is an impressive entity that aligns well with their objective of supporting industry leaders. “We appreciate the trust placed in us by Hivest and CCE’s management and look forward to fostering their ongoing success,” he remarked.

A Collaborative Future

Charles Bourgeois, Managing Director at H.I.G. WhiteHorse Europe, highlighted the considerable efforts made by Hivest and the management team to foster CCE's transition to a fully independent and thriving company. Their tireless work has indeed created significant value within the industry, and H.I.G. is thrilled to support CCE and Hivest during this transformative chapter in their journey.

By leveraging H.I.G. WhiteHorse’s expertise and resources, CCE is well-poised for sustainable growth in the coming years, fueled by a comprehensive support structure. The innovation in the cabin and cargo equipment sector is poised for a positive trajectory, with CCE Group at the helm.

More About CCE Group

The CCE (Cabin and Cargo Equipment Group) is a noteworthy player within the aerospace equipment landscape, focusing on refining and enhancing niches in cabin and cargo operations. With an impressive portfolio that includes AviusULD and Driessen, CCE's commitment is centered on outstanding quality and innovation in industry solutions. For more information on their offerings, visit cc-equipment.com.

About Hivest Capital

Hivest Capital, managing approximately €900 million in assets, is a French private equity firm actively engaging in investments within SMEs or mid-cap companies across Europe and the U.S. Their mission involves assisting businesses in realizing their full potential through ambitious growth strategies and operational improvements. Find out more at hivestcapital.com.

H.I.G. Capital: A Global Leader

H.I.G. Capital is recognized as a leading alternative investment firm globally, managing over $67 billion in capital. The firm specializes in sourcing debt and equity for middle-market companies, pursuing value-added investments through well-targeted strategies. Since its inception in 1993, H.I.G. has successfully invested in more than 400 companies worldwide. More details can be found at hig.com.

In conclusion, the partnership between H.I.G. WhiteHorse and CCE Group is poised to significantly influence the aerospace sector, empowering both entities to pursue their strategic ambitions effectively.