October 11, 2013
KKR invests in Weststar Aviation Services
Weststar Aviation Services reported that KKR, a leading global investment firm with more than US$83.5bn in assets under management, has invested approximately RM642m (US$200m) 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 Southeast Asia.