KKR to buy stake in Malaysian helicopter firm

weststar1US-based private equity company KKR & Co will buy a minority stake in Weststar Aviation Services in a deal that gives KKR its first deal in Malaysia and a piece of a company that arranges helicopter charter flights for the region’s energy sector.

KKR said in a statement on October 10 that the two companies will take part in a signing ceremony, though the firm did not disclose the price it is paying. People familiar with the matter said KKR will pay around $200 million.

KKR and Weststar declined to comment on details of the transaction. The deal would be KKR’s fourth investment in the Asia-Pacific announced in the last three weeks, after recently raising $6 billion in the region’s biggest buyout fund.

Privately owned Weststar Aviation is controlled by Malaysian tycoon Syed Azman Syed Ibrahim.

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US-based private equity company KKR & Co will buy a minority stake in Weststar Aviation Services in a deal that gives KKR its first deal in Malaysia and a piece of a company that arranges helicopter charter flights for the region's energy sector. KKR said in a statement on October 10 that the two companies will take part in a signing ceremony, though the firm did not disclose the price it is paying. People familiar with the matter said KKR will pay around $200 million. KKR and Weststar declined to comment on details of the transaction. The deal would be...

weststar1US-based private equity company KKR & Co will buy a minority stake in Weststar Aviation Services in a deal that gives KKR its first deal in Malaysia and a piece of a company that arranges helicopter charter flights for the region’s energy sector.

KKR said in a statement on October 10 that the two companies will take part in a signing ceremony, though the firm did not disclose the price it is paying. People familiar with the matter said KKR will pay around $200 million.

KKR and Weststar declined to comment on details of the transaction. The deal would be KKR’s fourth investment in the Asia-Pacific announced in the last three weeks, after recently raising $6 billion in the region’s biggest buyout fund.

Privately owned Weststar Aviation is controlled by Malaysian tycoon Syed Azman Syed Ibrahim.

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