Blackstone credit arm commits $200m to Lobo

The helicopter industry has experienced a fair amount of activity and interest from the asset class in recent months. In December last year, Ardian acquired a majority stake in Noordzee Helikopters Vlaanderen Group, a Belgian provider of helicopter transport services.

Last June, Mobeus Equity Partners reaped a 2x return on the sale of UK-based British International Helicopter Services' main operating facility. The firm realised £6m from the sale to trade player Patriot Aerospace Group.

KKR and Investindustrial's portfolio company Inaer, a Spanish helicopter operator, is currently being circled by UK engineering support services firm Babcock regarding a potential €1bn deal. The parties entered exclusive discussions in November last year.

Company
Lobo's services are designed to provide lease financing arrangements to helicopter operators involved in offshore oil and gas transportation, search and rescue activities and emergency medical services.

Founded in 2011 through a joint venture with Perella Weinberg Partners, the company is headquartered in Dublin with an additional office in San Francisco.

People
Bill Wolf is the president and CEO of Lobo. David Posnick is a senior managing director at GSO.

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• Topics
• Expansion
• UK / Ireland
• Support services
• Ireland
• Blackstone Group