#USA #H.I.G. Capital #London #CCE Group #Aviation Equipment

H.I.G. WhiteHorse Provides Financing to CCE Group

H.I.G. WhiteHorse, a credit affiliate of the prominent global investment firm H.I.G. Capital, has recently disclosed a significant financing arrangement with CCE Group, an aerospace equipment company. This new financing, characterized as a first lien, senior-secured credit facility, is expected to facilitate CCE Group's expansion and alignment with its strategic objectives.

Located in Paris, France, CCE Group was established in 2023 following the carve-out of the Driessen and AviusULD divisions from Safran. This newly formed platform is dedicated to advancing niche markets in Cabin Cargo Equipment, focusing on the development of companies that are leaders in their field. Driessen excels in galley equipment solutions, providing essential innovations such as trolleys and containers, while AviusULD specializes in manufacturing unit load devices like containers and pallets.

Klaus Hofmann, the CEO of CCE Group, alongside Pierre Mazières, the CFO and Corporate Secretary, emphasized the significance of this financing as a pivotal moment in the Company's evolution. They believe that this support will provide the necessary flexibility to accelerate their growth strategy. Since their separation from Safran, CCE Group has fortified its independent standing, which positions them well to thrive in a competitive market.

Barthélemy Grave, Principal at Hivest Capital Partners, expressed excitement about the partnership with H.I.G. WhiteHorse, asserting that this collaboration opens up new development avenues and complements CCE’s external growth plans. Grave's sentiment reflects a shared confidence in H.I.G.'s ability to support CCE’s ambitions for expansion.

Pascal Meysson, head of H.I.G. WhiteHorse Europe, remarked on the impressive track record of CCE Group and noted their commitment to backing industry leaders. He expressed gratitude for the trust that both Hivest and CCE's management have placed in H.I.G. and looks forward to fostering their mutual success.

Charles Bourgeois, a managing director at H.I.G. WhiteHorse Europe, added that the successful carve-out from Safran has evident value, primarily due to the dedication demonstrated by the management team and Hivest. He anticipates that CCE will continue to experience growth anchored by favorable structural trends.

In summary, CCE Group, backed by H.I.G. WhiteHorse, is poised to strengthen its position in the aerospace equipment sector. As a robust player dedicated to innovation and leadership in the niche markets of cabin and cargo equipment, CCE's future appears particularly bright. This partnership marks a new chapter for CCE as it embarks on ambitious plans for the future, leveraging its competitive advantages to achieve lasting success.

About CCE Group

CCE Group is a Paris-based aerospace equipment platform that emerged in 2023 from the integration of Driessen and AviusULD, both previously under Safran's umbrella. Specializing in cabin and cargo equipment, CCE includes key products such as galley equipment from Driessen and unit load devices from AviusULD.

About Hivest Capital

Hivest Capital is an independent French private equity firm with approximately €900 million in assets under management. It aims to support mid-cap companies in achieving their full potential through growth strategies and operational enhancements.

About H.I.G. Capital

H.I.G. Capital is a leading global alternative investment firm managing $67 billion. It provides both debt and equity capital to mid-market companies globally and focuses on various sectors, supporting firms to achieve their operational objectives and growth aspirations.