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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply