November 4, 2013 - 2:05am

New York investment banking behemoth Kohlberg Kravis Roberts (KKR) is placing a big bet on one helicopter services company supporting the offshore oil-and-gas industry. Last month KKR took a $200 million stake in Malaysia’s Weststar Aviation Services. Weststar provides offshore support to a variety of energy companies in the region, including Petronas Carigali, ExxonMobil, Carigali Hess, CPOC, Talisman, Petrofac, Newfield, Total, KPOC, Lundin, Schlumberger, Hess, Shell, Tullow Oil, Mubadala Petroleum, CGG Veritas and ConocoPhillips.

April 27, 2011 - 6:25am

Malaysia-based Boustead Holdings, known for its naval shipyards, confirmed it is entering a conditional purchase agreement for 51 percent of MHS Aviation after completion of its due diligence. The deal is valued at MYR100 million ($33 million). Last year, MHS was awarded a MYR3.1 billion ($1 billion) contract by oil producer Petronas Carigali to provide transportation services from 2011 to 2021.