Private equity-backed aerospace services provider StandardAero Inc. announced plans Monday for a highly anticipated $1 billion initial public offering (IPO), which could be one of the largest in 2024. The Scottsdale, Arizona-based company, represented by Latham & Watkins LLP, intends to offer 46.5 million shares priced between $20 and $23, with a midpoint valuation of $7 billion.
If successful, the StandardAero $1B IPO will mark a significant milestone for the aerospace industry and contribute to the growing list of billion-dollar public offerings this year.
StandardAero $1B IPO : Backed by Carlyle and GIC
StandardAero is primarily owned by private equity powerhouse The Carlyle Group and Singaporean sovereign wealth fund GIC Private Ltd., which together hold about 97% of the company’s shares. Institutions such as BlackRock Inc., Janus Henderson Investors, and Norges Bank Investment Management are also expressing interest as cornerstone investors, committing up to $275 million to support the IPO.
