Client Work Detail
matter
Ogilvy Renault Acts for CHC in $3.7 Billion Deal
CLIENT
CHC Helicopter Corporation
DATE
February 22, 2008
EXPERTISE
LAWYER(S)
Terence Dobbin, Soma Choudhury, Dany Assaf, Adrienne Oliver, Paul Feuer, Barry Segal, Sarah McLean, Andrew Welsh, Paul Fitzgerald, Pierre Dagenais
The largest ever buy-out in the oil field services industry was announced February 22, 2008, and Ogilvy Renault played a key role. The firm acted for CHC Helicopter Corporation, which is to be acquired by First Reserve Corporation in an all-cash transaction that values CHC at an adjusted enterprise value of $3.7 billion. This is one of the largest private equity deals announced since the disruption of the credit markets.
The partnership will help strengthen CHC's growth as a global leader in oil and gas and search and rescue helicopter services. The company is also the world's largest independent helicopter support business.
CHC was represented by Ogilvy Renault LLP with a team led by Terence S. Dobbin, Pierre Dagenais, Paul Fitzgerald and Soma Choudhury (Corporate/M&A); Adrienne Oliver and Barry Segal (Tax); Dany Assaf and Sarah McLean (Regulatory); and Andrew Welsh (Banking).
Click here to read the official CHC-First Reserve news release.
