H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital, provided a new first lien, senior secured credit facility for CCE Group, a portfolio company of Hivest Capital Partners.
“This new financing marks an important milestone in CCE’s journey and will provide enhanced flexibility to accelerate our strategic ambitions,” Klaus Hofmann, CEO of CCE, and Pierre Mazières, chief financial officer and corporate secretary of CCE, said. “Since our carve-out from Safran, we have built a strong and independent foundation. With industry confidence high, we are now ready to accelerate our vision of an integrated cabin and cargo market leader.”
“We are very enthusiastic about this new partnership, which opens new opportunities for CCE’s development and external growth strategy,” Barthélemy Grave, principal at Hivest, said. “We are confident that H.I.G. Whitehorse is a good match and will strongly support the group, and we are glad to collaborate on this promising venture.”
“CCE is an impressive business,” Pascal Meysson, head of H.I.G. WhiteHorse Europe, said. “We like to support market leaders, and CCE is a strong match as the undisputed global leader in its field. We are grateful for the trust that Hivest and management have placed in us, and we look forward to supporting their continued success.”
“The significant efforts that Hivest and the management team have made to successfully carve out CCE from Safran and to develop it into a fully independent and thriving business have created significant value,” Charles Bourgeois, managing director at H.I.G. WhiteHorse Europe, said. “We are thrilled to support CCE and Hivest as they embark on this exciting new chapter of their development, and we are confident that the group will experience sustained growth in the coming years, supported by structural tailwinds.”
