Ardian backs NHV Group


helicopter_sqPrivate equity firm Ardian has teamed up with CEO and co-founder of NHV Group Eric Van Hal to buy a majority stake in helicopter transport services business.

The company, which has a fleet of 28 helicopters on 15 bases on three continents, expects to report revenues of nearly €90m for the current year, up 34 per cent from 2012.

Managing director of mid market enterprise capital at Ardian Béatrice Beitmann said, “This transaction fits perfectly with Ardian’s investment strategy.

“NHV has all the key indicators of future success – the company is a leader in a growing niche market, and has real potential for further considerable international growth, both in its currently serviced markets, but also in new markets.

“We will provide NHV with all the necessary resources to support the company’s ambitious development plans.”

Earlier this month Ardian, which changed its name from Axa Private Equity after its spinout in September this year, bought Merrill Lynch’s commitments to Italian infrastructure investor F2i’s debut fund in a €150m deal.

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