StandardAero Backers Said to Seek $1.6 Billion in Share Sale

A pair of StandardAero Inc.’s largest shareholders are seeking to raise as much as $1.6 billion in an offering of the aircraft maintenance services provider’s shares, according to people familiar with the matter.

Private equity firm Carlyle Group Inc. and Singaporean sovereign wealth investor GIC Pte are marketing the shares for $31 to $32 each, the people said, asking not to be identified as the information isn’t public.