Latham & Watkins Represents StandardAero in Secondary Offering by Affiliates of the Carlyle Group Inc. and GIC
StandardAero, Inc. (NYSE: SARO), a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military, and business aviation end markets, has announced the pricing of its underwritten public offering by two of its stockholders, affiliates of The Carlyle Group Inc. and GIC, of an aggregate of 30,000,000 shares of the Company’s common stock, par value US$0.01 per share, at a price to the public of US$28.00 per share. The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. The offering is expected to close on May 23, 2025, subject to the satisfaction of customary closing conditions. The selling stockholders granted the underwriters a 30-day option to purchase up to an aggregate of 4,500,000 additional shares of common stock.
Latham & Watkins LLP represents StandardAero in the offering with a capital markets team led by partners Jason Licht, Patrick Shannon, Christopher Bezeg, and counsel Christopher Cronin, with associates Concepcion Olivera, Brooke Padgett, and Claudia Dubay. Advice was also provided on tax matters by partners David Raab and Aaron Bernstein.