The receivers of South Canterbury Finance have appointed Goldman Sachs & Partners New Zealand to manage the sale of two of the big finance company's assets.
Goldman Sachs & Partners New Zealand Limited will be advisers for the sale of 100 percent of Helicopters New Zealand (HNZ) and a majority shareholding in Scales Corporation Limited (Scales).
Both HNZ and Scales are separate from the core finance business of the SCF Group and are not in receivership.These companies are leaders in their industries.
Receiver Kerryn Downey of McGrathNicol said he was very pleased to have such a reputable and experienced investment bank on board.
HNZ is a leading provider of helicopter services and operates in New Zealand, Australia, South East Asia and Antarctica.
HNZ was founded in 1955 with one helicopter and has grown significantly, now operating a fleet of 43 helicopters.
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