Shareholders sell aircraft supplier Cotesa to Chinese investors
Munich — P+P Pöllath + Partners advised the shareholders on the sale of Cotesa GmbH to the Chinese investors Changzhou QFAT Composite Material. The Saxon aircraft supplier Cotesa is a manufacturer of high-quality fiber composite components for the aviation and automotive industries.
The sale of Cotesa to Changzhou QFAT Composite Material is the first transaction to be reviewed in depth under the tightened foreign trade investment control regime introduced in July 2017. — After a six-month review, the German Federal Ministry for Economic Affairs and Energy confirmed in April that the transaction does not raise any public policy or security concerns.
Advisors to Cotesa GmbH: P+P provided comprehensive legal advice to all shareholders of Cotesa GmbH in the context of the transaction with the following team:
- Dr. Frank Thiäner, Photo (Partner, Lead Partner, M&A, Munich)
— Daniel Wiedmann, LL.M. (NYU) (Counsel, Foreign Trade Law, Frankfurt)
— Dr. Jens Linde (Associated Partner, Finance, Frankfurt)
— Tim Junginger (Senior Associate, M&A, Munich)
P+P had already advised the main shareholder HPE Growth Capital on its investment in Cotesa GmbH in 2013.