He was part of the boards of startups such as Voyager Innovations, PropertyGuru, Gojek, and Weststar Aviation Services.

Sources: KKR’s APAC managing director Terence Lee resigns

Photo by Anti on Unsplash
June 20, 2019
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. KKR, which has been an investor in Weststar since 2013, has seen delays to its attempts to sell out after a global slowdown in the energy industry hurt demand for oilfield services. Weststar started preparations the next year for an initial public offering in Kuala Lumpur, though the plan was later put on hold. After selling part of its stake to Syed Azman, KKR will consider options for its remaining holding over the next year, the people said. It could opt to revive an IPO of Weststar or sell the rest of its stake to Syed Azman or another investor, the people said. Any deal would add to the $57 billion of private equity transactions involving Asian targets announced this year, data compiled by Bloomberg show. No final decisions have been made, and there’s no certainty the discussions will lead to an agreement, the people said. A spokesman for Weststar confirmed Syed Azman is in talks with KKR on its stake in the Malaysian company and declined to comment further. A representative from KKR declined to comment. KKR bought the stake in Weststar, which was its first Malaysian investment, for about $200 million. Since then, Weststar has nearly doubled its revenue and expanded into new markets including the Middle East, Africa and Timor-Leste, according to the people. The company plans to add around 10 more helicopters to its fleet, from about 30 currently, and is diversifying into areas such as search and rescue operations and emergency medical services to reduce its reliance on the energy industry, the people said. Besides Weststar, KKR is also exploring a potential sale of Goodpack Ltd., a Singaporean provider of intermediate bulk containers that could fetch at least $2 billion, people familiar with the matter said earlier this month. Bloomberg

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

KKR & Co. si sta avvicinando a un accordo per uscire dalla sua partecipazione in Weststar Aviation Services Sdn., il più grande fornitore di elicotteri del Sud-Est asiatico per il settore energetico offshore. Si veda bloomberg . La società di private equity è in trattative avanzate per vendere una porzione del suo 40% di partecipazione Weststar all’azionista di controllo della società, l’imprenditore malese Syed Azman Syed Ibrahim. Weststar potrebbe essere valutata a circa $ 2 miliardi incluso il debito, stando a fonti che hanno chiesto di mantenere l’anonimato. KKR, che è un azionista di Weststar dal 2013, ha visto ritardi nei suoi tentativi di liberarsi della partecipazione dopo un rallentamento globale nel settore energetico che ha danneggiato la domanda di servizi petroliferi. Weststar aveva iniziato i preparativi per un’offerta pubblica iniziale alla borsa di Kuala Lumpur per il prossimo anno, anche se il piano è stato successivamente sospeso. Gli azionisti potrebbero optare per rilanciare un IPO di Weststar o vendere il resto della partecipazione a Syed Azman o ad un altro investitore, hanno detto le fonti. Qualsiasi accordo si andrebbe ad aggiungere ai $ 57 miliardi di transazioni di private equity che coinvolgono obiettivi asiatici annunciati quest’anno, dati compilati da Bloomberg. Un portavoce di Weststar ha confermato che Syed Azman è in trattativa con KKR per la sua partecipazione nella società malese e ha rifiutato di commentare ulteriormente. Un rappresentante di KKR ha rifiutato di commentare. KKR ha acquistato la partecipazione in Weststar, che è stato il suo primo investimento in Malesia, per circa $ 200 milioni. Da allora, Weststar ha quasi raddoppiato le sue entrate e si è espansa in nuovi mercati tra cui Medio Oriente, Africa e Timor Est, secondo le persone. La società prevede di aggiungere circa 10 elicotteri in più alla sua flotta, a partire dai circa 30 attuali, e si sta diversificando in aree come le operazioni di ricerca e soccorso e i servizi medici di emergenza per ridurre la dipendenza dal settore energetico, hanno detto le persone. Oltre a Weststar, KKR sta anche esplorando una potenziale vendita di Goodpack Ltd., un fornitore singaporiano di container intermedi alla rinfusa che potrebbe raccogliere almeno $ 2 miliardi, persone che hanno familiarità con la questione ha detto all’inizio di questo mese. Angelo Gordon ha raccolto oltre 2,75 miliardi di USD in impegni azionari per AG Direct Lending Fund III, superando l’obiettivo del Fondo di 2 miliardi di USD e facendo di questo il più grande fondo di finanziamento diretto della Società fino ad oggi. Si veda qui privateequitywire . Il fondo è gestito da Twin Brook Capital Partners (Twin Brook), la controllata per il prestito diretto alle medie aziende di Angelo Gordon. Coerentemente con l’approccio distintivo di Twin Brook, il Comparto cercherà di capitalizzare sulle opportunità di investimento a lungo termine nel settore del credito diretto tramite sourcing, sottoscrizione e gestione attiva di un portafoglio diversificato di prestiti middle markets, tasso variabile, prestiti garantiti senior, con focus sulla fornitura di un primo debito garantito a imprese medie. Twin Brook si rivolge a opportunità di finanziamento senior fino a 200 milioni di dollari, con dimensioni del deal su tutta la piattaforma che vanno da 25 milioni di dollari a 150 milioni di dollari. Il Fondo beneficia della suite di prodotti flessibili di Twin Brook e delle soluzioni di finanziamento personalizzate, che consentono anche investimenti opportunistici in investimenti secondari, mezzanini e equity. Il Fondo ha ricevuto un forte sostegno dagli attuali investitori di Angelo Gordon e ha accolto con favore un certo numero di nuovi investitori istituzionali globali.

KKR medita di disinvestire da Weststar Aviation e Goodpack. Angelo Gordon raccoglie 2,75 mld dollari per il fondo di direct lending.

- March 6, 2019, 10:26 AM
LCI's leased helicopter fleet made its first foray into China last year with the placement of three medium twin AW139s to EMS provider Shanghai Kingwing. Libra Group subsidiary Lease Corporation International (LCI) has expanded its relationship with Malaysia-based rotorcraft operator Weststar Aviation Services, through the delivery of two new helicopters: a Leonardo AW139 and an AW189. They will join a previously delivered LCI AW189, which is already in service. The new medium-twin helicopters will be used to support Weststar’s offshore operations in Kerteh and Miri. The company also noted that its customer Babcock International Group has repositioned two AW139s from its operation in Aberdeen, UK, to Karratha, in western Australia, where they will be operated by Babcock’s Australasia concern in the offshore oil-and-gas role. The two helicopters will join LCI’s 12 AW139s already based in Australia, 10 of which are engaged in EMS operations, including six operated by Babcock for Air Ambulance Victoria. “Australia is a dynamic market, with huge long-term potential across a range of operating sectors, and has been a major commercial priority for LCI since we entered the helicopter leasing market in 2012,” noted Crispin Maunder, the company’s executive chairman. LCI (Booth C3223), which will celebrate its 15th anniversary this year as an aircraft leasing company, specializes in medium twin-engine helicopters, and the additions in Australia expand its presence in the Asia-Pacific region, which now accounts for over 40 percent of the company’s fleet. It currently has 48 rotorcraft in its portfolio, all but one purchased new, and has an additional 21 helicopters under management. Combined with helicopters on order that represents nearly $1 billion in equipment. In addition to Australia, the company’s helicopters are currently operating in the U.S., Europe, Africa, Southeast Asia and as of this past year, China, which Maunder describes as a very exciting, yet challenging market. EMS provider Shanghai Kingwing, through its operator Weststar, took on the leases of three AW139s. “We see a steady growth in EMS,” Maunder told AIN on the eve of Heli-Expo 2019. “Lots of new contracts coming up in Europe, certain parts of Asia and certainly North America as well.”
EMS operations currently occupy nearly half of the LCI fleet, while 25 percent are used for offshore oil-and-gas. The remainder are deployed in offshore wind-turbine servicing, search and rescue, and training. Maunder has also seen what he describes as limited growth in the oil-and-gas usage, which he believes could be attributed to the replacement of older equipment or the downsizing of equipment. “I think the oil industry has probably pushed the operators too far, and hence you’re seeing an uncertainty and poor financial results coming from the larger helicopter operators,” he opined. “That doesn’t do anyone any good in this industry, and there needs to be some rational thinking here as to what we’re all trying to achieve.”

LCI Adds to Australasia Leased Helicopter Fleet

Le programme sur mesure comprend la mise à disposition d'une sélection de pièces chez Weststar et la garantie des délais d'exécution afin d'optimiser la préparation aux missions
LAS VEGAS, NEVADA--(Marketwired - 27 fév. 2018) - Pratt & Whitney Canada (P&WC) a signé une entente de 13 ans au titre de son programme de gestion de flotte (FMPMD) avec l'entreprise Weststar Aviation Services située à Kuala Lumpur, en Malaisie. L'entente vise 44 moteurs PT6C-67C propulsant 22 hélicoptères AW139 de Leonardo. Le programme comprend la personnalisation d'ensembles de pièces stratégiquement choisies en vue d'un accès rapide, d'une disponibilité accrue ainsi que d'un délai d'exécution garanti en matière de service. « Là où la disponibilité de l'appareil est impérative, l'environnement est imprévisible, et les protocoles de sécurité se doivent d'être rigoureux lorsque les conditions d'opération sont difficiles et changeantes. Nous travaillons de concert avec les clients pour optimiser la sécurité et les coûts, non seulement dans le contexte actuel, mais également dans une perspective durable. Grâce à notre collaboration avec P&WC, nous sommes désormais en mesure d'optimiser notre portefeuille d'appareils AW139 pour l'ensemble de nos activités », affirme Russell George Allen, directeur de la technologie, Weststar Aviation Services Sdn Bhd. Ce programme de gestion de flotte avec Weststar permettra de favoriser un environnement de maintenance entièrement planifié, de réduire les coûts et de pérenniser la valeur des actifs que représentent les hélicoptères de Weststar. « P&WC s'inspire des concepts "personnalisé", "performance" et "garanti" pour concevoir ses programmes d'entretien des moteurs payable à l'heure et les adapter à ses clients, explique Tim Swail, vice-président, Programmes clients, P&WC. De plus en plus, la personnalisation des programmes intègre ce que nous appelons des "services de disponibilité accrue", comme en témoigne notre solution d'ensembles de pièces remplaçables en première ligne, qui peut être déployée au sein de l'établissement du client de façon immédiate. Nous proposons en outre des délais d'exécution garantis à des clients comme Weststar. »
Le programme de gestion de flotte de P&WC constitue une solution sur mesure de gestion des moteurs contribuant à réduire le plus possible les coûts d'exploitation tout en simplifiant la gestion de l'entretien de la flotte. C'est là un outil de planification financière favorisant la gestion efficace du flux de trésorerie en permettant aux exploitants de se concentrer sur leurs principales activités, qu'il s'agisse de services médicaux d'urgence, d'application de la loi, de transport pour l'industrie pétrolière et gazière, de services publics ou d'activités commerciales. En vertu de ce programme, une équipe d'experts de P&WC sera mobilisée pour gérer l'entretien des moteurs et assurer le meilleur rendement du capital, la satisfaction des clients, la tranquillité d'esprit et la haute fiabilité des moteurs. P&WC sera au kiosque C4432 de l'HELI-EXPO de l'HAI. Les exploitants sont invités à le visiter pour discuter avec un représentant du marketing ou du service à la clientèle. À propos de Pratt & Whitney Canada
Fondée en 1928, P&WC est aujourd'hui un leader mondial de l'aérospatiale qui façonne l'avenir de l'aviation au moyen de propulseurs fiables et ultramodernes. Ayant son siège social à Longueuil, au Québec (Canada), P&WC est une société en propriété exclusive d'United Technologies Corporation. United Technologies Corp., sise à Farmington au Connecticut, offre des services et systèmes de haute technologie aux secteurs du bâtiment et de l'aérospatiale. Remarque à l'intention des rédacteurs en chef :
Suivez-nous sur Twitter ( https://twitter.com/pwcanada ) et Facebook ( https://www.facebook.com/PrattWhitneyCanada ) pour les toutes dernières nouvelles nous concernant. Renseignements
Marc Duchesne

Weststar signe une entente avec P&WC visant un programme de gestion de flotte personnalisé (FMP(MD)) et axé sur la disponibilité de 44 moteurs PT6C-67C

Thales Group (Euronext: HO) is a multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation, and security markets.

Thales Group

Victor Chavez , CEO of Thales , said : `` Thales is the only European defence contractor with the in-depth knowledge and range of advanced technologies to deliver a leading-edge integrated air defence solution such as ForceSHIELD .

Thales announces order for ForceSHIELD Integrated Air Defence system and STARStreak missiles for Indonesian Ministry of Defence

agustawestland

Ford Motor Company

Private Equity

Weststar Aviation Services provides general aviation charter services, personal transport, aerial work applications and oil & gas transport. The general aviation division of WASSB currently has 11 aircraft – 8 helicopters and 3 private jets- and is proud to be one of the leading companies providing general aviation services in Malaysia.

Date	10/9/2013
Round	Private Equity
Amount	$203.41M
Investors	KKR
Valuation
Revenue	0 FY undefined
Sources	1

First funding	10/9/2013
Last Funding	10/9/2013
Investor	KKR
Rounds	1 Private Equity
Board Seats
Type	Private Equity
Location	New York

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