Deals
Veritas Said to Be Leading Bidder for Airbus Repair Unit Vector
- Buyout firm hopes to merge company with StandardAero
- Other interested bidders include Onex Corp, PSP Investments
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Veritas Capital, a New York based private-equity firm, is the leading bidder to acquire Airbus Group SE’s aircraft maintenance and repair unit Vector Aerospace Corp., according to people familiar with the matter.
If successful, the buyout firm plans to combine the unit, which could fetch as much as $800 million, with its existing portfolio company StandardAero Aviation Holdings Inc., said the people, who asked not to be identified because the information is private.