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New Deal


Announced

Completed

CHC Group completed the acquisition of the oil and gas aviation business of Babcock for £10m.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United Kingdom

Private

Completed

Friendly

Oil Equipment and Services

Domestic

Majority

oil and gas aviation

Single Bidder

Synopsis

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CHC Group, a mechanical engineer in Craigavon, Northern Ireland, completed the acquisition of the oil and gas aviation business of Babcock, a British aerospace, defence and nuclear engineering services company, for £10m. The business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. It is headquartered in Aberdeen, employs over 500 people and operates around 30 aircraft across its three locations.

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