Investment Summary

Weststar Group Invests In Weststar Aviation Services

On March 3, 2023, Weststar Group invested in transportation company Weststar Aviation Services from KKR

Investment Highlights
  • This is Weststar Group’s 1st transaction in the Transportation sector.
  • This is Weststar Group’s 1st transaction in Malaysia.

Investment Summary
Date 2023-03-03
Target Weststar Aviation Services
Sector Transportation
Investor(s) Weststar Group
Sellers(s) KKR
Deal Type Stake Purchase

Target

Weststar Aviation Services

Kuala Lumpur, Malaysia
Weststar Aviation Services is a providers of offshore helicopter transportation services to oil and gas companies in the South East Asia region. Weststar Aviation Services was formed in 2003 and is based in Kuala Lumpur, Malaysia.

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Investor(S) 1

Investor

Weststar Group

Selangor, Malaysia
Category Company
Founded 2003
Sector Diversified
DESCRIPTION

Weststar Group runs a wide range of businesses including aviation, automobiles, property and insurance. Weststar Group was founded in founded in 2003 and is based in Selangor, Malaysia.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Malaysia) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 185 of 204
Sector (Transportation) 5 of 5
Type (Stake Purchase) 5 of 6
Country (Malaysia) 2 of 2
Year (2023) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Acufocus

Irvine, California, United States

Acufocus is a medical device company that develops and markets small aperture technologies for the improvement of near vision. Acufocus was founded in 2001 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-23 Vantage Towers

Düsseldorf, Germany

Vantage Towers is a telecom tower company. Vantage Towers’ portfolio includes towers, masts, rooftop sites, distributed antenna systems (DAS) and small cells. Vantage Towers was founded in 2020 and is based in Düsseldorf, Germany.

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