Clayton Dubilier & Rice closes $600 mln investment in CHC Group
U.S. private equity firm Clayton Dubilier & Rice has completed its previously announced purchase of convertible preferred shares in CHC Group Ltd (NYSE: HELI). The deal, which totaled $600 million according to the original agreement, will be used by the company to reduce debt and other fixed charges. Based in Vancouver, CHC is a commercial operator of helicopters that provides flight services to oil and gas companies and government search-and-rescue agencies, as well as other services. It has been backed by U.S. private equity firm First Reserve Corp since 2008.
16 December 2014•4 mins read
