The nonlinear sigma model O(N) x O(2)/O(N - 2) x O(2) describing the p
hase transition of N-component helimagnets is built and studied up to
two-loop order in D = 2 + epsilon dimensions. It is shown that a stabl
e fixed point exists as soon as N is greater than 3 (or equal) in the
neighborhood of two dimensions. The critical exponents nu and eta are
obtained. In the N = 3 case, the symmetry of the system is dynamically
enlarged at the fixed point from O(3) x O(2)/O(2) to O(3) x O(3)/O(3)
is similar to O(4)/O(3). We show that the order parameter for Heisenb
erg helimagnets involves a tensor representation of O(4) and we verify
it explicitly at one-loop order on the value of the exponents. We sho
w that for large N and in the neighborhood of two dimensions this nonl
inear sigma model describes the same critical theory as the Landau-Gin
zburg linear theory. As a consequence, the critical behavior evolves s
moothly between D = 2 and D = 4 dimensions in this limit. However taki
ng into account the old results from the D = 4 - epsilon expansion of
the linear theory, we show that most likely the nature of the transiti
on must change between D = 2 and D = 4 dimensions for sufficiently sma
ll N (including N = 3). The simplest possibility is that there exists
a dividing line N(c)(D) in the plane (N, D) separating a first-order r
egion containing the Heisenberg point at D = 4 and a second-order regi
on containing the whole D = 2 axis. We conclude that the phase transit
ion of Heisenberg helimagnets in dimension 3 is either first order or
second order with O(4) exponents involving a tensor representation or
tricritical with mean-field exponents.