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

Whats Happening:

H.I.G. WhiteHorse, a credit affiliate of H.I.G. Capital, has provided a new first lien, senior-secured credit facility to CCE Group, a portfolio company of Hivest Capital Partners. CCE Group, formed in 2023 from the carveout of Driessen and AviusULD from Safran, is an aeronautic platform focusing on developing companies with leading positions in niche markets within the Cabin & Cargo Equipment space.

Key Moves:

• H.I.G. WhiteHorse provides new credit facility to CCE Group

• CCE Group formed in 2023 from carveout of Driessen and AviusULD from Safran

• Financing to support CCE's strategic ambitions and growth

By The Numbers:

• H.I.G. Capital manages $67 billion of capital

• H.I.G.'s current portfolio includes over 100 companies

• Combined sales of H.I.G.'s portfolio companies exceed $53 billion

Key Quotes:

• "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

• "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

• "CCE is an impressive business. We like to support market leaders, and CCE is a strong match as the undisputed global leader in its field," - Pascal Meysson, Head of H.I.G. WhiteHorse Europe

Bottom Line:

H.I.G. WhiteHorse's financing of CCE Group demonstrates its commitment to supporting market leaders in niche industries. This partnership is expected to accelerate CCE's growth and strategic ambitions, leveraging its strong position in the Cabin & Cargo Equipment space. The deal also highlights H.I.G.'s expanding presence in Europe and its ability to provide flexible financing solutions to private equity-backed companies.

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