RIVE Private Investment, an independent European investment firm specialized in transportation assets and energy transition, has announced the acquisition of a portfolio of 4 helicopters from Milestone Aviation Group, this transaction illustrates RIVE’s strategy to support critical assets in service of the energy transition.

The portfolio comprises three AW139s and one AW169, of which three are supporting the offshore wind industry in the North Sea from the United Kingdom and Germany. These aircraft are among the most in-demand models in the market and are well equipped to support operations for the energy market.

These helicopters are operated by first-rate European and US specialized operators delivering services to major energy players. Three helicopters operate along the British east coast and off Germany, an area that concentrates the largest number of offshore wind projects in Europe.

The four helicopters were acquired with their existing lease contracts attached, including HeliService and Uni Fly, both pioneers in hoist-equipped helicopter services for offshore wind.

This acquisition illustrates RIVE’s strategy of creating lasting business relationships with major global lessors. As a financial investor, RIVE supports portfolio management for players like Milestone without competing with them operationally, unlike other buyers in the sector. This win-win relationship paves the way for future collaborations enabling RIVE to continue developing its portfolio of critical assets.

To finance this acquisition, RIVE structured the senior financing with Investec, a South African bank with which RIVE had already collaborated on a previous transaction.

“This acquisition fully aligns with our long-term strategy of financing and supporting missions critical to the energy transition. Offshore wind in the North Sea is a growth sector where we are strengthening our presence: we are already active there with other helicopters and four service vessels. AW139 and AW169 are among the most in-demand assets in the market for these critical missions.” Said Camille Brunel, Partner, Transportation Assets, at RIVE Private Investment.

“We are pleased to complete this transaction with RIVE Private Investment, a trusted partner with a clear, long term commitment to the critical assets space. These helicopters will continue to support essential energy operations. This transaction reflects our ongoing focus on active portfolio management while strengthening relationships with experienced financial investors.” Said Mark England, Head of Leasing Operations at Milestone.