Adveq has completed a direct co-investment in Airborne Oil & Gas with HPE Growth Capital, a growth capital investor based in the Netherlands. Airborne Oil & Gas is a Dutch hi-tech manufacturer that delivers composite spoolable pipe solutions for demanding offshore applications to oil and gas operators and service companies.
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.”