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Era Group withdraws $150 million IPO

By Renaissance Capital,  October 11, 2012, 01:57:12 PM EDT

Era Group, a worldwide helicopter operator, mostly servicing oil and gas companies and the US government, withdrew its plans for an initial public offering on Thursday, instead choosing to seek a spin-off from SEACOR Holdings. The Lake Charles, LA-based company was founded in 1948 and booked $258 million in sales for the 12 months ended 12/31/2011. Goldman Sachs, J.P. Morgan, and Deutsche Bank were set to be the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: ERA



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