Deals
Blackstone, Carlyle Are Bidding for Jet Maintenance Firm
- Warburg Pincus also said to have made second-round offer
- Veritas-owned StandardAero could be valued at $5 billion
Photographer: Chris Ratcliffe/Bloomberg
This article is for subscribers only.
Buyout firms Blackstone Group LP, Carlyle Group LP and Warburg Pincus have made it to the final round of bidding to buy aircraft maintenance provider StandardAero Aviation Holdings Inc. from Veritas Capital, people familiar with the matter said.
Final bids for the business, which could fetch an enterprise valuation of as much as $5 billion, are due in mid-December, said the people, who who asked not to be identified because the discussions are private. The bids include about $3 billion of debt financing, the people said.