Mittweida, Germany May 31, 2012
HPE, a European growth capital investment firm, today has signed irrevocable agreements with Cotesa GmbH (“Cotesa” or “the Company”) and its shareholders to invest in excess of EUR 20.0m million in the Company in a combination of primary and secondary capital. The transaction, which will significantly strengthen Cotesa’s equity reserves, is subject to several approvals but is expected to close around the end of June.
Through this transaction, HPE will become a significant minority shareholder with the remaining ownership mainly held by Cotesa’s current Managing Directors, Messrs. Berthold and Huesken. Supported by HPE’s expertise in accelerating growth as well as its deep understanding of the composite materials industry, Cotesa will expand its production capacity in aircraft parts manufacturing and furthermore, accelerate its growth into newer markets such as the automotive industry.
Tim van Delden, Chief Investment Officer of HPE, commented: “Within only 10 years since inception, Cotesa has managed to develop into a trusted supplier of high-end primary aircraft structures and automotive components based on pre-preg composites process technologies. Given the high quality standards of its blue-chip industry customers, this is undoubtedly a unique achievement. HPE is excited to become the Company’s partner and looks forward to working with management on boosting Cotesa’s footprint in the growing aircraft and automotive industries and beyond.”
Mr. Huesken, Managing Director of Cotesa, highlighted: “HPE is an excellent fit to our company. Not only do they have a strong understanding of the composites industry but also, as an experienced international growth capital investor in medium-sized companies, they have demonstrated a strong entrepreneurial approach throughout the investment process. We are convinced that their professional and experienced team is going to make valuable contributions to our organization.”
About Cotesa GmbH
Founded in 2002, Cotesa GmbH engages in the serial production of high-quality fibre-reinforced
composite components and sub-assemblies for application in aircraft industry and, as of late, in the
automotive industry. Since its foundation, the Company has developed into a trusted supplier of primary
aircraft structures, interior and exterior composite parts for all major aircraft programs of Airbus. Cotesa is
favourably located in Mittweida (Germany), in the populous region “Metropolregion Sachsendreieck”
(Saxon triangle). For further information, please visit www.cotesa.de.
Established in 2008, HPE is a European growth capital investment firm, focusing on late-stage growth
investments in small and mid-cap technology companies in Western Europe. Its main focus is on standalone
investment opportunities in which it can invest EUR 10 – 25m for a significant minority position.
Having built a team of investment professionals and a global advisory network of operational and
technology veterans, HPE brings more than growth capital alone by closely working with management
teams to accelerate growth. HPE has offices in Amsterdam and Düsseldorf. For further information,
please visit www.hollandpe.com.