Seacor selling Era Helicopters
Seacor Holdings is hoping to raise $150 million by selling part of Era Group, its helicopter subsidiary, in an initial public offering on the New York Stock Exchange.
It will remain the majority owner after the IPO. Era operates 177 helicopters and is the largest operator in the Gulf of Mexico.
Era’s revenue was $56.2 million in the quarter leading up to March 31. Over 75% of its revenues come from the US.
Goldman Sachs Group, JPMorgan and Deutsche Bank are leading the IPO.