PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

KKR exits Malaysian helicopter co

KKR & Co has exited its investment in Malaysia’s Weststar Aviation through a sale of its 21% stake in the business to the helicopter service company’s parent Weststar Group. Weststar Group is now Weststar Aviation’s sole shareholder.

KKR & Co has exited its investment in Malaysia’s Weststar Aviation through a sale of its 21% stake in the business to the helicopter service company’s parent Weststar Group. Weststar Group is now Weststar Aviation’s sole shareholder.

Financial terms of the transaction have not been revealed.

KKR first acquired a stake in the company back in 2013 for around $200 million. In 2019, it was reported that KKR was nearing a partial exit by selling a portion of its stake of 40% at the time. 

According to a statement by Weststar Group, Weststar Aviation is the largest helicopter operator Malaysia and Southeast Asia by fleet size with 34 aircraft. It also operates in markets such including Africa, Vietnam, and the Middle East

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured