At what enterprise value was NHV GROUP acquired in 2025?

You can find the full valuation details of NHV GROUP on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NHV GROUP when it was acquired by GD HELICOPTER FINANCE (GDHF)?

The exact EV/EBITDA multiple for NHV GROUP is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was NHV GROUP acquired by GD HELICOPTER FINANCE (GDHF)?

NHV GROUP was acquired by GD HELICOPTER FINANCE (GDHF) in 2025.

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 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

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.ardian.com/fr/actualites-perspectives/communiques-de-presse/ardian-signe-un-accord-pour-ceder-sa-participation

← DATABASE

Home Database Business ServicesNHV GROUP

12/2025

NHV GROUP acquired by GD HELICOPTER FINANCE (GDHF)

BELGIUM Transport & Logistics REV 100M - 200M EUR

Context

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.

It is worth noting that the fund Ardian took control of Nhv Group through an LBO in 2014.

NHV GROUP, which reported an EBITDA margin of in 2024, 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 (11.3x).

-> 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

2024

2023

Other operations with NHV GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2014	ARDIAN	NHV GROUP	BELGIUM	Transport & Logistics

REFERENCES

Revenue range: 100M - 200M 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 GD HELICOPTER FINANCE (GDHF) 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: gd helicopter finance (gdhf)