The Carlyle Group and GIC Private have closed their sale of StandardAero shares on March 27, 2025.
As previously reported, StandardAero had upsized its offering by the Carlyle Group and GIC from 30 million shares to 36 million at a price of $28 per share on March 25, 2025.
According to a stock filing on March 31, 2025, StandardAero sold 29.37 million shares at $27.16 each. Additionally, GIC sold 6.63 million shares at 27.16 each, according to a stock filing on March 27, 2025. The sale totalled nearly $1bn in shares.
All of the net proceeds from this offering will go to the selling stockholders and no shares are being sold by the company.
Joint lead bookrunning managers for the offer are JP Morgan, Morgan Stanley, RBC Capital Markets, BofA Securities, UBS Investment Bank, and Jefferies. Joint bookrunning managers are CIBC Capital Markets, Societe Generale, Citizens Capital Markets, Mizuho, Santander, and Wolfe | Nomura Alliance. Comanagers are Carlyle, AmeriVet Securities, and Drexel Hamilton.