Deals
Carlyle Picks IPO for StandardAero After Sale Attempt
- Bids for StandardAero were at lower value than expected in IPO
- Carlyle might reconsider if it receives any improved offers
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Carlyle Group Inc. has decided to take StandardAero Inc. public after trying to sell the aircraft maintenance services provider, according to people familiar with the matter.
The alternative asset manager decided to pursue an initial public offering of StandardAero because bids submitted this week valued the company below what it’s expected to reach in a listing, said the people, who asked not to be identified because the information was private.