trending Market Intelligence /marketintelligence/en/news-insights/trending/yEckkb9ha7siOtfwxZ260g2 content esgSubNav
In This List

Carlyle to buy out aerospace services company StandardAero

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Carlyle to buy out aerospace services company StandardAero

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.