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.
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