10:44 AM EDT, 07/16/2024 (MT Newswires) -- Blackstone (BX), CVC Capital Partners and other private-equity firms are considering bids for StandardAero that could value the Carlyle Group ( CG )-backed (CG) aircraft maintenance services provider at least $10 billion, including debt, Bloomberg News reported Tuesday, citing people with knowledge of the matter.

Veritas Capital has also indicated an initial interest in StandardAero, the unnamed sources told the news outlet.

Carlyle is expected to seek first-round bids for the business as soon as this week, Bloomberg quoted the sources as saying, adding that other potential suitors could still emerge.

Representatives for Blackstone, Carlyle and CVC declined to comment, while a Veritas spokesperson wasn't available for comment, according to the report.

Blackstone, Carlyle, CVC and Veritas didn't immediately respond to MT Newswires' requests for comment.

Blackstone shares were up 2.5% in recent trading, while Carlyle rose 1.4%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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