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Ardian-backed helicopter operator NHV merges with Blueway

28 Aug 2014

nhvFrench private equity firm Ardian has decided to merge its helicopter operator NHV with its peer Blueway.

NHV bought the company from buyout firm Reiten & Co Capital Partners and the Helicopter Transportation Group.

The combined business is expected to have annual revenues of over $270m. Last year NHV posted revenues of €90m, up 34 per cent from 2012.

Last December Ardian teamed up with NHV CEO Eric Van Hal to buy a majority interest in the business.

Ardian and Chinese conglomerate Fosun have recently withdrawn their bid for French holiday company Club Med, which opted for an offer from Italian tycoon Andrea Bonomi.

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