StandardAero Said to Price Follow-On Late Wednesday

Carlyle Group Inc. and Government Investment Corp. of Singapore (GIC) are raising as much as $897.9 million from the two-day marketed sale of 30 million shares in StandardAero Inc., according to deal terms seen by Bloomberg.

• Follow-on offering expected to price post-close Wednesday, per the term sheet
• Aerospace engine aftermarket firm’s shares closed Monday’s session at $29.93
• Down 4.1% in after-hours trading at 5:20 p.m. in New York
• Sale of 14% of outstanding would leave Carlyle, GIC with combined stake of about 52%
• JP Morgan, Morgan Stanley, RBC Capital Markets, Bank of America, UBS and Jefferies acting as joint ...