The logo of the Carlyle Group is displayed at the company’s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato
(Reuters) – Private equity firm Carlyle Group LP (CG.O) is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.
The deal, which could be announced as early as this week, would come three years after Veritas acquired StandardAero from Dubai Aerospace Enterprise Ltd for $2.1 billion.
The sources cautioned that there was always a chance that negotiations could end unsuccessfully and asked not to be identified because the matter is confidential.
StandardAero and Veritas did not immediately respond to requests for comment, while Carlyle declined to comment.
The StandardAero deal would be Carlyle’s second major leveraged buyout this year. It acquired Akzo Nobel’s (AKZO.AS) chemicals business for 10.1 billion euros ($11.5 billion) in October.
StandardAero, headquartered in Scottsdale, Arizona, provides maintenance, repair and overhaul services to the commercial, business, military and general aviation industries.
Reporting by Joshua Franklin and Harry Brumpton in New York; Editing by Steve Orlofsky