Omni-Blu Aviation Limited (OBA) added yet another feather to its cap recently with the signing of a tripartite Joint Venture and Mutual Cooperation Agreement worth over US$20m between itself, Sterling Square Capital Partners (SSCL), and Omni Helicopters International (OHI).

Omni Helicopters International (OHI), which is headquartered in Portugal, is the parent company of Brazil’s leading offshore aviation player, Omni Taxi Aereo S.A, which has over 50 helicopters of different models in its fleet and is heavily involved with Brazilian oil giant, Petrobras.

Sterling Square Capital Partners (SSCP) is a private equity firm which invests across Europe in mid-market companies with enterprise values between €50million and €500million. It has a total committed capital in excess of €1billion.