A new materials industry fund co-managed by QFAT Investment and ICP has agreed to purchase controlling shareholding of COTESA, a leading German manufacturer of high quality composite fiber components for aviation and automotive engineering. The transaction, subject to standard regulatory clearances, is expected to close later this year. Post-investment, AT&M (Advanced Technology & Materials Co., Ltd), anchor investor of the Fund, will assist COTESA in expanding its production and sales operations to the China market through leveraging its existing network and industrial leadership in China.