CHC Group LLC (OTCPK:CHHC.F) entered into a conditional agreement to acquire oil & gas aviation business of Babcock International Group PLC (LSE:BAB) on March 11, 2021. It is intended that CHC will seek clearances for the transaction from antitrust authorities in the UK and Australia, though completion is not conditional upon such clearances being received. The deal, is subject to pre-closing conditions.

The transaction is subject to third party conditions. As of June 11, 2021, the transaction is analyzed by Competition and Markets Authority. The Competition and Markets Authority served an initial enforcement order on anticipated deal on June 11, 2021.

The deal is expected to complete in the second calendar quarter of 2021. Tom Rose, Tom Usher, Christophe Humpe, Kathryn Jarvis, Jon Morgan, Sekou Taylor, Charlie Critchley, Eleni Papadopoulos, Rachel Carter and Joe Maughan of Macfarlanes LLP acted as legal advisor to CHC Group LLC.