Weststar Aviation Services Sdn Bhd announced that KKR, a leading global investment firm with more than $83.5bn in assets under management, has invested approximately RM642m ($200m) for a substantial minority equity stake in the company. KKR’s investment in Weststar represents its first investment from the KKR Asian Fund II, the recently-closed $6bn fund dedicated to pan-Asian private equity transactions.
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.
