Originally Posted by
rotor-rooter
It may be worth examining the beneficial owners of CHC Group for insight into this determination by CMA. Do you know who actually owns CHC?
The creditors from the Ch 11 and then the subsequent restructure/ recapitalization of CHC own CHC. Their debts were converted to equity in Ch 11 and those now equity holders who put their hands into their pockets to help with more cash were given more shares. Those who did not assist in the recapitalizations since have been diluted.
This CMA report (the full fat 229 pages) refers to Bain Capital Credit LP and Cross Ocean Partners Management LP in particular.
https://www.baincapitalcredit.com/
Cross Ocean Partners