Carlyle-Backed StandardAero IPO Seeks to Raise $1.1 Billion

Carlyle Group Inc. and StandardAero Inc. are seeking to raise $1.1 billion in the aircraft maintenance services provider’s initial public offering, after deciding to pursue a listing rather than a sale.

The company is offering 46.5 million shares, according to a filing Monday with the US Securities and Exchange Commission. The shares are being marketed for $20 to $23 each, the filing shows.

Carlyle had explored a potential sale for StandardAero but decided to pursue an IPO for StandardAero because bids valued the company below what it’s expected to reach in a listing, Bloomberg News has reported. Potential suitors had ...