In light of the pressures from the O&G sector, and the need for consolidation in the helicopter sector, advised Bristow Group Inc. on its announced acquisition of Columbia Helicopters Inc. Activities include pre-closing integration planning that included the scope of anticipated integration and key metrics to measure success. For multiple reasons, transaction was terminated prior to target closing date.
Financial advisor to the Official Committee of Unsecured Creditors for CHC Group, Ltd., one of the largest commercial helicopter service companies in the world that included an expedited fleet replacement strategy to right-size its fleet of approximately 230 helicopters, reducing its overall fleet by approximately 45 percent. Plan of reorganization was implemented through proceedings in the United States, Canada, and the Cayman Islands, that shed more than $2 billion in debt, paid back creditors, and saved most of the employee jobs across the globe.
In the backdrop of a changing industry and to address macro pressures, advised a division of global organization in the realignment of its cost structure. Particular focus include assessment and realignment of its organization structure, in particularly overhead, outsourcing opportunities, supply chain efficiencies and assessment and identification of strategic alternatives to monetize excess and surplus inventory.