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01 May 2008

Scott Dawson Obtains BC Court Approval for $3.7B Plan of Arrangement

CHC Helicopter Corporation (CHC) is to be acquired by First Reserve Corporation in an all-cash transaction that values CHC at an adjusted enterprise value of $3.7 billion. The Plan of Arrangement, which is one of the largest private equity deals announced since the disruption of the credit markets, will help CHC to achieve further growth. CHC, which is head­quartered in Richmond, B.C., is the world’s largest provider of helicopter services to the global offshore oil and gas industry, with aircraft operating in more than 30 countries worldwide. Farris lawyers Al Hudec, Scott Dawson, Rebecca Morse, and Mohammad Manki, act as British Columbia legal counsel for CHC. Partner, Scott Dawson obtained the BC Supreme Court’s approval for the transaction on May 1, 2008. Closing of the transaction remains subject to approvals and con­firmations from aviation regulatory authorities in Canada and Europe. To download a copy of this, download the PDF file here.

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