H.I.G. WhiteHorse Supports CCE Group's Growth with New Credit Facility

H.I.G. WhiteHorse Fuels Growth for CCE Group with New Credit Facility

H.I.G. WhiteHorse, a prominent credit affiliate of H.I.G. Capital, announces the provision of a new first lien, senior-secured credit facility to CCE Group, a company that emerged from the strategic carve-out of Driessen and AviusULD from Safran. Established in 2023 and headquartered in Paris, CCE specializes in Cabin & Cargo Equipment, with Driessen recognized globally for its galley equipment solutions and AviusULD leading the market in unit load devices, including containers and pallets. This financing marks a significant milestone for CCE, as Klaus Hofmann, the CEO, articulates the importance of this support in accelerating the organization’s strategic goals and emphasizing its commitment to lead in the integrated cabin and cargo market.

The significance of this financing is underscored by the positive outlook from industry partners. Barthélemy Grave of Hivest Capital Partners expresses enthusiasm for the collaboration with H.I.G. WhiteHorse, highlighting the potential for new growth opportunities as CCE establishes its independence in the aerospace equipment sector. The partnership is particularly timely, given CCE's strong market position and the favorable trends in the industry. Pascal Meysson, the Head of H.I.G. WhiteHorse Europe, reinforces this sentiment by noting CCE’s solid foundation and the operational flexibility it gains through this financial backing.

This collaboration represents a crucial step for CCE as it seeks to enhance its capabilities and respond to the changing needs of the aerospace market. Charles Bourgeois, Managing Director at H.I.G. WhiteHorse Europe, commends the successful carve-out from Safran, emphasizing the value creation that has resulted from this strategic initiative. With the newfound independence, CCE is poised to leverage its expertise and market position to achieve significant milestones, solidifying its role as a leader in niche sectors of the cabin and cargo equipment industry.

In addition to the financing, CCE's establishment reflects a broader trend in the aerospace sector toward specialization and consolidation. As the industry evolves, CCE aims to adapt and innovate, ensuring it remains at the forefront of developments in cabin and cargo solutions. This strategic partnership with H.I.G. WhiteHorse not only enhances CCE's operational capabilities but also positions it favorably against competitors, enabling sustained growth and a stronger market presence.

Overall, the collaboration between H.I.G. WhiteHorse and CCE Group serves as a testament to the potential for growth in the aerospace equipment industry, highlighting the importance of financial partnerships in navigating the complexities of market demands and technological advancements.