Hogan Lovells and Clifford Chance (CC) have landed the leading advisory roles on Investindustrial and KKR’s sale of helicopter operator Avincis to Babcock in a deal valued at around €2bn (£1.65bn).
British engineering group Babcock will acquire all of the issued shared capital of Avincis, which is owned by the private equity groups. Avincis provides mission-critical helicopter and fixed-wing services, and supplies critical offshore crew-change helicopter services to the oil and gas industry in the North Sea and Australia.
