10:52 AM EDT, 09/13/2024 (MT Newswires) -- The Carlyle Group ( CG ) intends to take StandardAero public, Bloomberg reported Friday, citing unnamed people familiar with the matter.

Carlyle opted to pursue an initial public offering after trying to sell StandardAero and receiving bids this week it felt valued the aircraft maintenance services provider below what it could fetch in a listing, the sources told Bloomberg.

Carlyle Group ( CG ) did not immediately reply to a request for comment from MT Newswires.

(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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