Private equity-backed helicopter company Avincis is seeking an IPO which could value the company at up to £2bn, according to Reuters.
In November last year UK engineering firm Babcock was said to be talks to acquire a stake in the company, which is owned by buyout groups KKR and Investindustrial. Babcock was looking to invest as much as £735m for a minority stake in the business, however KKR was said to be unwilling to cede control and talks reportedly stalled.
While a public listing could happen within the next few months, Babcock could still post a follow-up bid, alongside a number of strategic acquirers, the report said.
Avincis provides of aerial services for mission-critical operations such as medical emergency, civil protection, search and rescue, coast and city surveillance, fire-fighting and energy support services.
In October 2013 KKR acquired a substantial minority stake in helicopter manufacturer Weststar Aviation for $200m in its first deal in Malaysia.
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