Era Group Inc.’s $40 Million Sale of its Dart Holding Company Ltd. Joint Venture

Kirkland & Ellis, Caldwell & Berkowitz and Baker Botts advised on the deal

Era Group Inc., through a wholly owned subsidiary (“Era”), in conjunction with its 50% joint venture partner, O’Reilly Holding Company Ltd. (“O’Reilly”), entered into an agreement to sell its Dart Holding Company Ltd. joint venture (“Dart”). The transaction is expected to close in the second quarter of 2019, subject to the satisfaction or waiver of customary closing conditions. At closing, Era expects to receive cash proceeds, including repayment of a related party note receivable, of approximately $40 million.

Baker Botts L.L.P. represented Era Group Inc.

Era Group Inc. provides helicopter transportation services. The Company, led by Christopher S Bradshaw, Michael May and Jennifer Whalen, transports personnel to and from offshore oil drilling rigs and platforms, as well as offers air medical, firefighting support, emergency search and rescue, and tour services.

Baker Botts Lawyers advised Era Group Inc. with a team including Jim Marshall (Picture, Houston); Laura Katherine Mann (Senior Associate, Houston); Ieuan List (Associate, Houston); Parker Hinman (Associate, Houston); Catherine Ellis (Associate, Houston) (M&A); Danny David (Partner, Houston) (Advisory); Ron Scharnberg (Partner, Houston) (Tax); Paul Luther (Partner, Washington); Jason Wilcox (Special Counsel, Washington) (Int. Trade); Rob Fowler (Partner, Houston); Krisa Benskin (Special Counsel, Houston) (Employee Benefits); Mike Hawes (Partner, Houston); Michelle Eber (Associate, Houston) (Intellectual Property); Scott Janoe (Partner, Houston); Harrison Reback (Associate, Houston) (Environmental) and Chris Wilson (Partner, Houston) (Real Estate).

Involved fees earner: Catherine Baker Ellis – Baker Botts; Krisa Benskin – Baker Botts; Danny David – Baker Botts; Rob Fowler – Baker Botts; Michael Hawes – Baker Botts; Parker Hinman – Baker Botts; Michelle Jacobson Eber – Baker Botts; Scott Janoe – Baker Botts; Ieuan List – Baker Botts; Paul Luther – Baker Botts; Laura Katherine Mann – Baker Botts; James Marshall – Baker Botts; Harrison Reback – Baker Botts; Ron Scharnberg – Baker Botts; Jason Wilcox – Baker Botts; Chris Wilson – Baker Botts;

Law Firms: Baker Botts;

Clients: Era Group Inc. ;

Author: Ambrogio Visconti