Friday, December 14, 2012

Helinet Aviation Buys Shotover, Gets Funding

Helinet, a provider of flight services to the entertainment, media, and other industries which is based in Van Nuys, said Thursday that it has acquired Shotover Camera Systems, a developer of a gyro-stablized, camera systems used for shooting aerial footage in Ultra High Definition. Financial terms of the buy were not announced, however, Helinet said it received funding from a set of investors for the deal. Shotover is based in New Zealand, where its engineering and research team will continue to reside. Helinet said investors in the deal include aerial cinematographers David B. Nowell, ASC and Hans Bjerno, along with Michael Connolly (Leonard Green & Partners), Fred North, Frederick Bond, Peggy North, Dylan Goss, Steve Koster, Larry Blanford, Peter Graf and Luc Poullain.