CHC sells for $3.7 billion
CHC Helicopter Corp., the world’s largest provider of helicopter services to the offshore oil and gas industry, is to be sold for $3.7 billion in what comp

CHC Helicopter Corp., the world’s largest provider of helicopter services to the offshore oil and gas industry, is to be sold for $3.7 billion in what company officials described as “the largest oilfield services buyout ever.”

First Reserve Corp. of Greenwich, Conn., on Friday announced its intent to purchase CHC. In addition to $1.46 billion in cash, the private-equity firm will assume $1.48 billion in aircraft liabilities and about $779 million in debt.