European investment company RIVE Private Investment has acquired a Leonardo AW139 helicopter as part of a joint venture with long-standing partner LCI, a leading aviation company. The aircraft will be leased for five years to operator CHC.
Whilst in use with CHC, the helicopter will transport personnel for the development and maintenance of the world’s largest offshore wind farm under construction: Dogger Bank, situated around 130km off the coast of Yorkshire. The wind farm has nearly 277 wind turbines situated in the North Sea.
“This transaction demonstrates the relevance of RIVE’s dual sectoral and financial expertise and our ability to leverage transport assets for critical missions and the energy transition,” said Camille Brunel, partner at RIVE Private Investment. “We are pleased to continue our collaboration with a reference ecosystem of partners in the field of specialized transport such as LCI and CHC.”
The Close Brothers bank provided senior financing for the transaction, conducted via the RIVE Transportation Assets Income Fund (RTAIF Fund).