Antin Acquires Majority Stake in US Helicopter Firm HP Helicopters

Business Wire··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Antin Infrastructure Partners has acquired a majority stake in High Performance Helicopters Corp, a US specialty helicopter company, through its NextGen Fund I. Founded in 2005 by Brad and Tracey Bauder and based in Redlands, California, HP Helicopters provides critical services to the utility infrastructure, construction and aerial firefighting industries, with a fleet serving customers in 10 states in the Western US. The investment is the eighth by Antin's €1.2 billion NextGen Infrastructure Fund I, and Brad Bauder will retain a minority holding. HP Helicopters also appointed Santiago Crespo, who brings over 25 years of experience scaling companies across the helicopter and broader aircraft industries, as Chief Financial Officer. Antin was advised by Goodwin Procter LLP as legal counsel and Cozen O'Connor P.C. as aviation regulatory counsel, while the sellers were advised by Red Mountain Capital Advisors as financial advisor, Varner & Brandt LLP as legal counsel and Jetlaw, LLC as aviation regulatory counsel.

Impact on assets 2

Financials▲ · 1 stocks
Antin IP SA
ANTIN
▲ PositiveCapitalrelevance

Antin's NextGen Fund I acquired a majority stake in HP Helicopters, its eighth investment from the €1.2B fund.

Aging Population▲ · 1 stocks

Off-coverage companies 6

High Performance Helicopters CorpPrivate▲ Positive
Capitalrelevance

HP Helicopters received a majority-stake investment from Antin and appointed a new CFO to scale the company.

Cozen O'Connor P.C.Private± Mixed
relevance

Goodwin ProcterPrivate± Mixed
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Jetlaw, LLCPrivate± Mixed
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Red Mountain Capital AdvisorsPrivate± Mixed
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Varner & Brandt LLPPrivate± Mixed
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