KKR said to near partial exit from $2b helicopter firm Weststar

Photo by Anti on Unsplash

KKR & Co. is nearing a deal to exit part of its stake in Weststar Aviation Services Sdn., Southeast Asia’s biggest provider of helicopters for the offshore energy industry, people with knowledge of the matter said.

The private equity firm is in advanced talks to sell a portion of its 40% Weststar holding to the company’s controlling shareholder, Malaysian businessman Syed Azman Syed Ibrahim, according to the people. Weststar could be valued at about $2 billion including debt, the people said, asking not to be identified because the information is private.

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