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Bloomberg: Blackstone, Carlyle bidding for jet maintenance firm

Published 11/30/2018, 06:02 PM
© Reuters.  Bloomberg: Blackstone, Carlyle bidding for jet maintenance firm
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  • P-E firms Blackstone (NYSE:BX), Carlyle (NASDAQ:CG) and Warburg Pincus have made it to the final round of bidding to buy aircraft maintenance provider StandardAero Aviation from Veritas Capital, Bloomberg reports.
  • Final bids for the business, which could fetch an enterprise valuation of as much as $5B, including ~$3B of debt financing, are due in mid-December, according to the report.
  • Arizona-based StandardAero provides maintenance, repair and overhaul services for aviation and industrial power customers at 38 major facilities around the world.
  • Now read: Prospect Capital Corp.: Why I Sold 50% Of My Position In This 10.3%-Yielding Dividend Dog


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