Blackstone, Carlyle Are Said to Bid for Jet Maintenance Firm - Bloomberg

Blackstone, Carlyle Are Said to Bid for Jet Maintenance Firm - Bloomberg:

Buyout firms Blackstone Group LP, Carlyle Group LP and Warburg Pincus have made it to the final round of bidding to buy aircraft maintenance provider StandardAero Aviation Holdings Inc. from Veritas Capital, people familiar with the matter said.

Final bids for the business, which could fetch an enterprise valuation of as much as $5 billion, are due in mid-December, said the people, who who asked not to be identified because the discussions are private. The bids include about $3 billion of debt financing, the people said.