Charter & Fractional
StandardAero Upsizes IPO to $7.7b Valuation
Company to be listed on NYSE as 'SARO'
Barring any regulatory objections, The Carlyle Group will purchase StandardAero from Veritas Capital for approximately $5 billion. The MRO provider operates 38 major facilities, with additional regional service and support centers around the world.
Barring any regulatory objections, The Carlyle Group will purchase StandardAero from Veritas Capital for approximately $5 billion. The MRO provider operates 38 major facilities, with additional regional service and support centers around the world.

Aircraft MRO provider StandardAero earlier this week launched a proposed initial public offering (IPO) of its common stock and today increased the amount of available shares. Initially proposing 46.5 million shares, Reuters reported this morning that the company is now targeting an upsized sale of 60 million shares priced between $20 and $23 each. That would raise $1.38 billion in funding, up from the initial $1.1 billion announced on Monday. With other interests in the company, that values StandardAero at up to $7.7 billion.

J.P. Morgan, Morgan Stanley, Bank of America Securities, UBS Investment Bank, Jefferies, and RBC Capital Markets are acting as lead book-running managers for the proposed offering.