Deals
Carlyle-Backed StandardAero IPO Seeks to Raise $1.1 Billion
- Firm would have $7.5 billion market value at top of range
- Carlyle had explored sale of aircraft maintenance firm
StandardAero is a provider of aerospace engine after-market services, serving the commercial, military and business aviation end markets.
Photographer: Nathan Laine/BloombergStandardAero Inc. is seeking to raise $1.1 billion in its initial public offering, after its backer Carlyle Group Inc. had decided to pursue a listing for the aircraft maintenance services provider rather than a sale.
The company is offering 46.5 million shares, according to a filing Monday with the US Securities and Exchange Commission. The shares are being marketed for $20 to $23 each, the filing shows. There is a potential over-allotment of 6.975 million shares from affiliates of Carlyle and Singaporean sovereign wealth investor GIC Pte, according to the filing.