Carlyle Group LP entered into an agreement to purchase StandardAero Inc., which provides aftermarket engine maintenance, repair and overhaul services to the aerospace and defense sectors, from Veritas Capital Fund Management LLC.

Financial terms of the deal, set to be completed by the end of the first quarter of 2019, were not made public.

The global alternative asset manager was earlier reported to be nearing a deal to buy StandardAero for more than $5 billion, including debt.

Carlyle Partners VII LP, a U.S.-focused buyout fund managed by Carlyle, will provide equity for the transaction.

Credit Suisse, Goldman Sachs Merchant Banking Division, RBC Capital Markets LLC, Macquarie Capital, Barclays, Jefferies LLC, Nomura Securities and Goldman Sachs will provide debt financing for the transaction.

Credit Suisse, RBC Capital Markets LLC and Macquarie Capital were financial advisers to Carlyle, while Latham & Watkins LLP was its legal adviser. Goldman Sachs & Co. was the lead financial adviser to StandardAero, and Morgan Stanley & Co. LLC served as its additional financial adviser. Skadden Arps Slate Meagher & Flom LLP was its legal adviser.