Waypoint leasing secures $375 million equity investment from funds affiliated with MSD Capital, L.P., Soros Fund Management LLC, and Cartesian Capital Group

May 5, 2013

Funds Global Expansion of Helicopter Leasing Business – Company Well-Positioned to Benefit from Increasing Demand for Helicopter Services Among Oil & Gas Producers, Governments and Other Customers.

Limerick, Ireland and Darien, CT – May 5, 2013 – Waypoint Holdings Ltd. (“Waypoint”), the holding company for Waypoint Leasing (Ireland) Limited, a leading global helicopter leasing company, today announced that it has secured $375 million of equity growth capital from funds affiliated with MSD Capital, L.P., Soros Fund Management LLC, and Cartesian Capital Group. The investments will be used to drive the expansion of Waypoint’s helicopter leasing operations worldwide.

“We are delighted to partner with MSD Capital, Soros and Cartesian, all long-term focused investors with strong track records of supporting growth companies,” said Ed Washecka, Waypoint’s Co-Founder and Chief Executive Officer. “They share our excitement about the significant opportunities in the global helicopter leasing marketplace. Helicopter operators are looking for an experienced, specialized leasing partner who can help them modernize, grow and manage their helicopter fleets. We are well positioned to support our customers operating in the oil and gas industry, providing essential emergency services, or assisting governments in delivering Search and Rescue and other civil services.”

On behalf of the investor group, Eric Rosen, Partner of MSD Capital, L.P., said, “With demand for innovative helicopter leasing and management solutions growing rapidly, Waypoint has a unique opportunity to be a premier service provider in the market. Ed is a pioneer in the global helicopter leasing industry, having successfully led Era Group Inc. as its CEO prior to founding Waypoint. Ed brings a robust understanding of the helicopter services industry and strong relationships with leading helicopter operators and manufacturers. ”

Bill Jarosz, Co-founder and Partner of Cartesian Capital added, “We look forward to working with the Waypoint team to grow the business and deliver exceptional value to the Company’s customers.”

Waypoint’s leasing services support helicopter operators across a wide range of industries and service lines, including by:

  • Oil & Gas – Supporting operators’ growing capital investment needs as they expand and modernize their fleets to keep pace with the global increase in offshore exploration and production.
  • Emergency Medical Service – Providing a fleet of safe, modern helicopters for operators serving hospitals and emergency response needs.
  • Government – Providing high-specification equipment to governments and private operators servicing government contracts to deliver Search and Rescue and other essential services.
  • Other Industries – Providing helicopters to the construction, firefighting, law enforcement, mining and other industries to support their business objectives.

Waypoint provides its customers with technologically advanced helicopters from the world’s leading manufacturers, including AgustaWestland, Bell, Eurocopter and Sikorsky, with an emphasis on medium and heavy twin engine models. Waypoint also supports its customers with sale-leaseback transactions on existing helicopter fleets.
Waypoint recently signed a multi-year, multi-aircraft agreement with AgustaWestland, a Finmeccanica company, for GrandNew, AW169, AW139 and AW189 helicopters. The agreement, signed on March 6, 2013, includes an initial acquisition of four helicopters, with options to purchase more in the future. Waypoint intends to acquire other aircraft from leading manufacturers and will support a full range of helicopters, from light twin to heavy aircraft.

Transaction Advisors
Lazard Freres & Co. LLC acted as sole Placement Agent and Investment Banker for this transaction and Fox Rothschild LLP served as legal advisors to the Company. Willkie Farr & Gallagher LLP served as legal advisors to the investor group.

About Waypoint Holdings Ltd.
Waypoint Holding Ltd. is the holding company for Waypoint Leasing (Ireland) Limited. Waypoint Leasing is a global helicopter lessor providing aircraft and financing solutions to helicopter operators as well as aircraft management services to helicopter owners around the world. Headquartered in Limerick, Ireland, and with operations in Darien, CT, Waypoint partners with helicopter operators across a wide range of sectors, including oil and gas, emergency medical service, search and rescue, and domestic and foreign governments. Further information is available at http://waypointleasing.com/.