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'Blackstone, CVC Weigh Bids For Carlyle's StandardAero' - Bloomberg News

Author: Benzinga Newsdesk | July 16, 2024 10:10am

https://www.bloomberg.com/news/articles/2024-07-16/blackstone-cvc-weigh-bids-for-carlyle-s-standardaero?srnd=phx-deals

 

Blackstone Inc. and CVC Capital Partners Plc are among the private equity firms weighing bids for StandardAero that could value the aircraft maintenance services provider at $10 billion or more including debt, people with knowledge of the matter said.

Veritas Capital has also expressed initial interest in acquiring the Carlyle Group Inc.-backed business, according to the people, who asked not to be identified discussing confidential information. Carlyle is expected to ask for first-round bids as soon as this week and other bidders could still emerge, they said. It's possible firms could team up and make joint offers, one of the people s

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