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KKR Exits Malaysian Helicopter Services Firm After a Decade

  • PE firm sold remaining stake to major holder Weststar Group
  • KKR acquired a 40% stake in Weststar Aviation in 2013
Updated on

Buyout firm KKR & Co. has sold all its stake in Weststar Aviation Services Sdn., marking its full exit from the Malaysian helicopter services company after a decade.

The Weststar Group bought KKR’s remaining 21% stake in the unit for an undisclosed amount, according to a statement on March 3. Weststar Group, controlled by businessman Syed Azman Syed Ibrahim, is now the sole shareholder of the helicopter operator.