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(Reuters) – StandardAero, an plane upkeep providers supplier backed by non-public fairness agency Carlyle Group (NASDAQ:), on Friday filed for an preliminary public providing in the USA.
Reuters reported in April that Carlyle was weighing choices for StandardAero, together with a doable sale that would worth it at about $10 billion.
J.P. Morgan and Morgan Stanley are among the many underwriters for the IPO. The corporate is seeking to checklist on the New York Inventory Alternate below the image “SARO.”
Based in 1911, StandardAero supplies upkeep, restore and overhaul providers to business and navy aviation, in addition to power, purchasers.
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