Bloomberg News

Deutsche Bank’s Gustafson Leaves for Seacor Helicopter Unit

March 26, 2012

Deutsche Bank AG (DBK)’s head of energy investment banking for the Americas, Sten Gustafson, is leaving to become chief executive officer of a Seacor Holdings Inc. (CKH:US) helicopter unit that is seeking to go public.

Gustafson will join Era Group Inc. on April 1, the Lake Charles, Louisiana-based company said in a statement today. Seacor in August filed for a $150 million initial public offering of Era, which offers transportation services that serve offshore oil rigs and platforms.

Gustafson, a Houston-based banker who also oversaw the bank’s services to oilfield services globally, joined Deutsche Bank in 2009 after previous stints at UBS AG and Morgan Stanley. (MS:US) He was part of the Deutsche Bank team that advised Ensco Plc (ESV:US) on its $7.3 billion takeover of Pride International Inc. (PDE:US) last year.

Seacor, based in Fort Lauderdale, Florida, operates support vessels for offshore oil and gas exploration. Goldman Sachs Group Inc., JPMorgan Chase & Co., and Deutsche Bank are leading the Era offering.

To contact the reporter on this story: Zachary R. Mider in New York at zmider1@bloomberg.net

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net


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Companies Mentioned

  • CKH
    (SEACOR Holdings Inc)
    • $78.25 USD
    • -0.27
    • -0.35%
  • MS
    (Morgan Stanley)
    • $35.21 USD
    • 0.20
    • 0.57%
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