Simpson Thacher Represents World Helicopters, a Portfolio Company of Investindustrial and KKR, in the Sale of the Avincis Group
04.02.14
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The Firm is representing World Helicopters S.à r.l., a portfolio company of Investindustrial and Kohlberg Kravis Roberts & Co. LP, in connection with its sale of the Avincis Group to Babcock International Group plc for an enterprise value of approximately €2.0 billion. Avincis is a leading supplier of helicopter and fixed-wing emergency services (medical, search and rescue, fire-fighting, surveillance and civil protection) as well as a leading supplier of critical offshore crew-change helicopter services to the oil and gas industry in the North Sea and Australia.
The transaction is subject to Babcock’s general meeting approval convened for 16th April 2014 as well as customary antitrust clearances.
The Simpson Thacher team includes Clare Gaskell, Sam Taylor, Linford Coates and Jamie Rowles (M&A); David Vann and Etienne Renaudeau (Antitrust); Meredith Jones and Sean Fitzgerald (Tax); and Shahpur Kabraji (Credit).