NHV GROUP
Acquired by
ARDIAN
NHV GROUP acquired by ARDIAN
Target
NHV GROUP
Acquirer
ARDIAN
Context
Ardian partnered with the group's CEO and co-founder to acquire a majority stake in NHV Group from its founding shareholders and Fin.co Capital Partners. The transaction was structured to provide the company with a sustainable shareholding platform to accelerate its global expansion strategy. A primary focus of the partnership was the modernization of the fleet, notably supporting NHV's role as the global launch customer for the Eurocopter EC175 model. The strategic roadmap under Ardian's ownership centers on capturing growth in both existing offshore markets and diversifying into new geographic regions.
This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.1x since the beginning of 2026, 0.8% increase compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in 1997, NHV Group is a leading international provider of helicopter transport services. The group specializes in logistics for the offshore oil and gas industry, maritime search and rescue (SAR), and emergency medical services (EMS). At the time of the deal, it operated a multipurpose fleet of 28 helicopters across 15 bases on three continents, with a dominant position in Western Africa.
Ent. Value
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Historical Financials (EUR)
Other operations with NHV GROUP
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 12/2025 | GD HELICOPTER FINANCE (GDHF) | NHV GROUP | BELGIUM | Transport & Logistics | Ardian reached a definitive agreement to divest 100% of its interest in NHV Group to GD Helicopter Finance. This industrial exit marks the culmination of a twelve-year transformation where Ardian supported NHV's evolution from a regional player into a diversified European leader. The acquisition allows GDHF to internalize NHV's specialized operational platform, creating a vertically integrated group capable of managing the entire lifecycle of mission-critical rotary-wing assets. The combined entity is positioned to dominate the North Sea and West African offshore markets by leveraging GDHF's fleet pipeline and NHV's MRO and pilot training certifications. The transaction ensures long-term operational continuity for oil, gas, and maritime clients under the ongoing leadership of the current executive team. |
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