KKR Invests Approximately $200M in Weststar Aviation Services
Weststar Aviation Services Sdn Bhd announced Wednesday that KKR has invested approximately
RM642 million (US$200 million) for a substantial minority equity stake
in the Company. This will be KKR's first investment in Malaysia.
Additional terms of the transaction were not disclosed.
Founded in 2003, Weststar is a leading provider of offshore helicopter
transportation services to the oil and gas industry. With a large and
modern fleet of world-class helicopters and a stable of blue chip oil
and gas companies as customers, Weststar focuses on providing quality
offshore helicopter services and is the largest of such providers in