Advisors Hover Over Helicopter Maker For $185M Deal Fee
Law360, London (October 19, 2020, 4:15 PM BST) -- British financial adviser BLMS Capital has hit Kopter Group with a $2.4 million lawsuit, claiming the Swiss helicopter manufacturer reneged on a deal to pay a fee for capital-raising work that led to the young company being acquired for $185 million.
BLMS said in its recently-published High Court claim that it was hired by Kopter around August 2017 to act as a non-exclusive "introducer," helping the company find investors and manage the capital-raising process. Two other companies, GTI Holdings LLC and Xenon Capital, were also retained at the time, according to the claim, which was amended in July and released last...
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