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Business/Financial

Carlyle Group To Acquire StandAero From Veritas Capital

By Cal Biesecker

Tuesday, December 18th, 2018

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Carlyle Group To Acquire StandAero From Veritas Capital

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The Carlyle Group on Tuesday said it has agreed to acquire StandardAero, a provider of maintenance and repair services for commercial and military aircraft engines, from Veritas Capital.Terms of the deal were not disclosed, although the Wall Street Journal reported on Monday that Carlyle would pay about $5 billion, including debt. The transaction is expected to close in the first quarter of 2019.Veritas acquired Arizona-based StandardAero in 2015 from Dubai Aerospace Enterprise Ltd. (DAE) in a deal valued at $2.1…

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