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Carlyle-backed aviation service provider StandardAero files for US IPO
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Carlyle-backed aviation service provider StandardAero files for US IPO
Sep 6, 2024 2:32 PM

Sept 6 (Reuters) - StandardAero, an aircraft maintenance

services provider backed by private equity firm Carlyle Group ( CG )

, on Friday filed for an initial public offering in the

United States.

Reuters reported in April that Carlyle was weighing options

for StandardAero, including a possible sale that could value it

at about $10 billion.

J.P. Morgan and Morgan Stanley are among the underwriters

for the IPO. The company is looking to list on the New York

Stock Exchange under the symbol "SARO."

Founded in 1911, StandardAero provides maintenance, repair

and overhaul services to commercial and military aviation, as

well as energy, clients.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini

Ganguli)

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