Deals Rumor Mill: Avincis, Channel 5, CVC Capital

Law360, New York (February 24, 2014, 5:17 PM EST) -- Helicopter transport services firm Avincis Group may be headed for an initial public offering that could value the firm at up to £2 billion ($3.3 billion), Reuters reported Monday. Avincis, which is co-owned by New York-based KKR & Co. LP and Italy's Investindustrial, has reportedly invited banks to pitch for an IPO as the buyout firms consider the plan as a way to exit their investment after joint venture talks with engineering services group Babcock International stalled last year, Reuters said.

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