Beekman’s REVA postpones sale, considers recap

Austrian skier Matthias Lanzinger lies on a strecher upon his arrival with an air ambulance jet in Salzburg March 6, 2008. Lanzinger, who is in stable condition, arrived back after undergoing an emergency amputation of his lower left leg on Tuesday in Oslo, Norway. Doctors said Lanzinger, who broke the leg in a World Cup Super G race in Norway on Sunday, might have died without the operation. REUTERS/Calle Toernstroem (AUSTRIA) - BM2E43615PA01
  • Beekman invested in jet-ambulance provider in 2012
  • Company held discussions with both sponsors and strategics
  • Wells Fargo process for REVA peer, Vistria's Angel Medflight, has yet to produce deal
Beekman Group shelved its sales process for REVA Inc, choosing instead to pursue a potential recap of the jet air-ambulance company, Buyouts has learned. The Fort Lauderdale, Florida, company was under a letter of intent with a sponsor, but Beekman withdrew the ...

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