Announced
Completed
Financials
Tags
Private Equity
Completed
Single Bidder
Transportation Services
Domestic
Majority
Friendly
Malaysia
helicopter services
Acquisition
Private
Synopsis
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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