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CHC LLC purchases Babcock

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CHC LLC purchases Babcock

Old 2nd Jun 2022, 12:00
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Originally Posted by Mitchaa View Post
1 further point, I do wonder what happens with the DB pension liabilities and whether this was transferred from Bond - Babcock - CHC or whether there is a separate trust fund setup. When CHC bought it for 10m, did they also take on the historical DB fund liabilities from decades previous? Hmm.
Would there be any DB pension liabilities? When the "new Bond" was established on the mid-2000s, did they put in place any DB schemes?

The "old Bond" DB pension liabilities do sit with CHC, but purely as a result of the purchase of the Helikopter Services Group by CHC in 1999.
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Old 2nd Jun 2022, 13:04
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Originally Posted by rotor-rooter View Post
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
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Old 15th Jul 2022, 15:59
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UK to accept CHC's undertakings in Babcock helicopter deal


Reuters

1 minute readLONDON, July 15 (Reuters) - Britain's competition regulator said on Friday it proposed to accept the final undertakings given by CHC Group in relation to its acquisition last year of Babcock's helicopter services unit.

($1 = 0.8448 pounds)
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Old 15th Jul 2022, 16:26
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Originally Posted by Cyclic Hotline View Post

UK to accept CHC's undertakings in Babcock helicopter deal


Reuters

1 minute readLONDON, July 15 (Reuters) - Britain's competition regulator said on Friday it proposed to accept the final undertakings given by CHC Group in relation to its acquisition last year of Babcock's helicopter services unit.

($1 = 0.8448 pounds)

WTF does that mean?
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Old 15th Jul 2022, 17:10
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Details are on gov website, the acceptance is chc's proposal for sale, its just the formal acceptance

Docs are downloadable

https://www.gov.uk/cma-cases/chc-slash-babcock-merger-inquiry
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Old 15th Jul 2022, 17:13
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HC 100% 👍
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Old 19th Feb 2023, 07:53
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Ultimate Aviation Group to buy Babcock/Offshore Helicioter Services from CHC?

Any truth to the rumour that Ultimate Aviation (SA) Group is to buy to Babcock/Offshore Helicioter Services from CHC?

https://ultimate-aviation.net/
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Old 19th Feb 2023, 09:00
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More than just a rumour:

OHS Buyer announced
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Old 19th Feb 2023, 09:50
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Originally Posted by Bravo73 View Post
More than just a rumour:

OHS Buyer announced
Guess I should have looked a bit harder.
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