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.