Adveq und HPE Growth Capital beteiligen sich an niederländischen Airborne Oil & Gas
Adveq, a leading asset manager investing in private equity and real assets globally, today announces the completion of a direct co-investment with HPE Growth Capital, the growth capital investor in the Netherlands.
Adveq and HPE Growth Capital have co-invested in Airborne Oil & Gas, a Dutch hi-tech manufacturer that delivers composite spoolable pipe solutions for demanding offshore applications to Oil&Gas Operators and Service Companies. The company is the world’s first, and leading manufacturer of fully bonded Thermoplastic Composite Pipe™
Tim Creed, Managing Director at Adveq, said: “We have a long-standing relationship with HPE, a fund manager that has established a strong reputation in successfully growing companies in Benelux and Germany. We are looking forward to supporting them in their aim of investing in tomorrow’s market leaders.”
Harry Dolman, Partner at HPE, said: “We are delighted to be able to work with Adveq in this exciting opportunity. Adveq’s investment will help Airborne Oil & Gas to grow substantially and expand into new areas using pioneering composite pipe technology.”
Founded in 1997, Adveq is a leading asset manager investing in private equity and real assets globally. It offers specialized investment solutions which allow the firm’s clients to access select private market segments through primary, secondary and co-investments.
Adveq’s client base comprises institutional investors such as pension funds, insurance companies, family offices and other financial institutions located in Europe, North America and the Asia-Pacific region. Many of Adveq’s investors are repeat, long-term clients with whom the firm has developed a role as a trusted partner for private market investing.
Adveq has offices in Zurich, Frankfurt, London, New York, Beijing, Shanghai, and Hong Kong, as well as an agent relationship in Sydney.
About Airborne Oil & Gas
Founded in 2007, Airborne Oil & Gas (“AOG“) engages in the design, qualification and production of fully bonded spoolable thermoplastic composite pipe solutions for the deepwater offshore oil & gas industry. Its composite pipe solutions have unique deployment characteristics and possibilities, the most prominent being high internal and external pressure capability combined with spoolability, tension strength, low weight and a smooth bore. Together with the absolute resistance to corrosion and speed of installation, it provides the greatest value in deepwater offshore where it directly results in significant cost savings, shifting the boundaries of offshore well intervention, liquid & gas transportation and deepwater oil production. Originally spun off from Airborne International, HPE enabled the expansion in the oil & gas industry by funding a new dedicated 12,000m2 production facility and the launch of a qualification program. AOG has a blue-chip customer base (including Shell, Saipem, Petronas, Chevron) and is favourably located in the harbour of Amsterdam-IJmuiden, the Netherlands (directly adjacent to the North Sea). AOG has c. 80 highly skilled employees.
About HPE Growth Capital
With offices in Amsterdam and Düsseldorf, HPE Growth Capital (HPE) is a growth investor that focuses on small and medium-sized technology companies in Western Europe. HPE invests in companies that have the potential to become an international market leader in their industry. HPE actively supports the companies in its portfolio, particularly when it comes to international expansion of sales and marketing activities and professionalization of the companies’ back offices. HPE is a minority investor and finances its investments solely with equity.