M&A Deal Summary

The Carlyle Group Acquires StandardAero

On July 5, 2004, private equity firm The Carlyle Group acquired aerospace company StandardAero from DH Private Equity Partners for 1.4B USD

Acquisition Highlights
  • This is The Carlyle Group’s 7th transaction in the Aerospace sector.
  • This is The Carlyle Group’s 46th largest (disclosed) transaction.
  • This is The Carlyle Group’s 2nd transaction in Canada.
  • This is The Carlyle Group’s 1st transaction in Ontario.
Investment Fate
  • StandardAero was sold to a strategic buyer in 2007 for 1.9B USD.
  • StandardAero was divested to a consortium of buyers in 2015 for 2.1B USD.
  • StandardAero was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2004-07-05
Target StandardAero
Sector Aerospace
Buyer(s) The Carlyle Group
Sellers(s) DH Private Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.4B USD

Target

StandardAero

Winnipeg, Ontario, Canada
website
StandardAero is an independent maintenance, repair, and overhaul (MRO) provider. The Company offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers. StandardAero is based in Winnipeg, Ontario.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 162 of 695
Sector (Aerospace) 7 of 17
Type (Buyout (LBO, MBO, MBI)) 76 of 202
State (Ontario) 1 of 7
Country (Canada) 2 of 11
Year (2004) 21 of 36
Size (of disclosed) 46 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 GVW Group

Highland Park, Illinois, United States

GVW Group LLC (Formerly Grand Vehicle Works Corporation) was a premier provider of transportation products and related services to truck fleets and users of specialty and recreational vehicles through two operating subsidiaries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Dex Media

Dallas, Texas, United States

Dex Media, Inc. engages in the publication and marketing of directories in the US. The company also offers Internet-based telephone directory and database marketing services.

Sell -

Seller(S) 1

SELLER

DH Private Equity Partners

London, United Kingdom

website


Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

DH Private Equity Partners is an independent private equity firm focused on investments in traditional private equity, real estate, and venture capital. DH private equity group targets European mid-market businesses valued between €200 and €600 million. The Firm usually takes a majority stake in acquisitions, and looks for management participation as well. DH will consider investments across a range of industries, including building materials, packaging, energy, automotive, media, beverages, and luxury goods. DH Private Equity was formed in 1985 and is based in London.


DEAL STATS #
Overall 12 of 35
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2004) 3 of 3
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-30 ATU Handels KG

Weiden, Germany

Germany's leading operator of automotive retail stores and repair shops, with an expanding international footprint.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-16 Balta Group

Sint-Baafs-Vijve, Belgium

Balta Group is a European manufacturer of wall-to-wall carpets and a global leader in the manufacture of area rugs. The Belgium-based company is also engaged in manufacturing for the fast-growing laminate flooring sectors. The combination of laminates and rugs is complementary to carpet production and provides a stable portfolio effect. Balta is vertically integrated for the purposes of yarn production.

Buy £600M