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Omni Helicopters International acquires eight helicopters from the Synergy Group

May 2014

• Acquisition of AW-139 and S-76 helicopters under long term contract with Petrobras

LISBON, 14th May 2014 – Portugal-based Omni Helicopters International S.A. [“OHI”] today announced the acquisition of four AW-139 and four S-76 helicopters from Synergy Group Corp. [“Synergy Group”], a South American conglomerate. All of the helicopters are contracted to Petroleo Brasileiro S.A. [“Petrobras”] and will become part of the fleet operated by the Brazilian affiliate of OHI, Omni Taxi Aéreo S.A. ["OTA"]. The acquired helicopters will complement OTA’s existing fleet of 10 AW-139 and 11 S-76 helicopters and will remain based at Brazil’s offshore heliports of Jacarepaguá and Macaé, where OTA already operates 30 helicopters. Following this transaction, OTA will operate 57 aircraft.

OHI’s investment was supported by Stirling Square Capital Partners [“Stirling Square”] and affiliated co-investors.

Based in Lisbon, OHI is a financial holding company engaged in fleet management and investment in helicopter operators providing transportation services to the offshore energy sector. Its helicopter fleet is operated mainly by OTA in Brazil, the world’s fastest-growing offshore energy market. OTA has been the fastest-growing helicopter operator in Brazil in recent years.

Rui de Almeida, Executive Chairman and co-founder of OHI and OTA, said “We are pleased to have made such a significant acquisition, it represents a natural consolidation step for OTA’s activities in Brazil and asset build-up is a critical component of OHI’s strategic development. The OHI team led by Richard Burman will be working closely with Roberto Coimbra, CEO of OTA, and his management team, to integrate the eight aircraft into the existing OTA fleet smoothly, so as to provide Petrobras with the high-quality, safe and reliable service it requires.”

Gregorio Napoleone, Partner at Stirling Square, said: “We support the transformational change underway at OHI and OTA. This management team has maintained an excellent operating record in Brazil, as its managed fleet of helicopters has grown in size and diversity. The acquisition consolidates OTA as the largest operator of AW-139 helicopters in Brazil’s offshore energy sector at a time when the medium segment has reached maturity and the heavy segment anticipates above-average growth on the back of pre-salt developments.”

– ENDS –

Notes to Editors

About Omni Helicopters International S.A.
OHI manages a fleet of helicopters as well as investment participations in local operators servicing the offshore oil and gas sectors with crew change and emergency medical evacuation missions.

About Stirling Square Capital Partners
Stirling Square Capital Partners is a private equity firm which invests in mid-market companies with enterprise values of between €50m and €500m. The firm manages two funds totaling ca. €800m capital under management and has made fourteen portfolio company investments and numerous bolt-on acquisitions since it was established in 2003.
www.stirlingsquare.com

For media enquiries please contact:

For OHI
Rui de Almeida at OHI +351 (218) 987 000 / ruialm@ohi.pt

For Stirling Square
Fergus Wheeler at FTI Consulting + 44 20 3727 1522 / fergus.wheeler@fticonsulting.com
Ellie Fixter at FTI Consulting +44 20 3727 1170 / ellie.fixter@fticonsulting.com