First Reserve Announces Sale of Helicopter Portfolio to Waypoint Leasing
11.10.14
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Simpson Thacher is representing First Reserve in its sale of a portfolio of 31 helicopters to Waypoint Leasing Holdings Ltd. Waypoint Leasing is a global helicopter leasing company headquartered in Ireland. All helicopters are subject to long-term lease agreements with the CHC Group Ltd., in support of global oil and gas and search-and-rescue operations. The transaction, which signed on October 27, 2014, is subject to customary closing conditions and is expected to close in the fourth quarter of 2014.
The Simpson Thacher team for the transaction included Bill Curbow, Alan Brenner, Jim Cross, Adam Glenn, and Eric Schulman (Corporate); John Creed and Devin Heckman (Tax); and Michael Naughton and Ellen Frye (Regulatory).