Carlyle-backed aviation service provider StandardAero files for US IPO

(Reuters) - StandardAero, an aircraft maintenance services provider backed by private equity firm Carlyle Group (NASDAQ:CG ), on Friday filed for an initial public offering in the United States.

Reuters reported in April that Carlyle was weighing options for StandardAero, including a possible sale that could value it at about $10 billion.



J.P. Morgan and Morgan Stanley are among the underwriters for the IPO. The company is looking to list on the New York Stock Exchange under the symbol "SARO."

Founded in 1911, StandardAero provides maintenance, repair and overhaul services to commercial and military aviation, as well as energy, clients.

Source: Investing.com