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New Deal


Announced

Completed

Weststar Group completed the acquisition of the remaining 21% stake in Weststar Aviation Services from KKR.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned79%
Capital Bid For21%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Single Bidder

Transportation Services

Domestic

Majority

Friendly

Malaysia

helicopter services

Acquisition

Private

Synopsis

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Weststar Group, a highly diversified enterprise with businesses in the aviation, automobile, property and insurance sectors, completed the acquisition of the remaining 21% stake in Weststar Aviation Services, a provider of offshore helicopter transportation services, from KKR, a global investment firm. Financial terms were not disclosed. "We take pride in our relationship with Weststar Aviation and Tan Sri Syed Azman Ibrahim, and our role in the evolution of the company, which is today very well-positioned for the future. On behalf of KKR, we wish the Weststar team continued success," Henry Kravis, KKR Co-Executive Chairman.

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