When was NHV GROUP acquired by ARDIAN?

NHV GROUP was acquired by ARDIAN in 2014.

What was the revenue of NHV GROUP at the time of the deal?

The revenue of NHV GROUP at the time of the deal is estimated to be in the range of 50M - 100M EUR.

How is the data for the NHV GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NHV GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.privateequitywire.co.uk/ardian-joins-eric-van-hal-nhv-acquisition/

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

← DATABASE

Home Database Business ServicesNHV GROUP

01/2014

NHV GROUP acquired by ARDIAN

BELGIUM Transport & Logistics REV 50M - 100M EUR

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.

NHV GROUP, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2013

2012

Other operations with NHV GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2025	GD HELICOPTER FINANCE (GDHF)	NHV GROUP	BELGIUM	Transport & Logistics

REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NHV GROUP by ARDIAN are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: ardian