CHC LLC purchases Babcock
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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.
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.
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
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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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?
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
Docs are downloadable
https://www.gov.uk/cma-cases/chc-slash-babcock-merger-inquiry
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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/
https://ultimate-aviation.net/
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