Veritas Capital $2.1 billion acquisition of StandardAero Holdings

Overview:

• US private equity firm Veritas Capital has completed its $2.1 billion acquisition of Canada-based StandardAero Holdings.
• Standard Aero was sold by Dubai Aerospace Enterprise (DAE).
• DAE acquired Standard Aero from Carlyle Group in 2007.
• The company provides aircraft engine services.
• Moelis & Company acted as financial adviser for DAE.
• The deal was first announced in May 2015.

Kurt Stumpo - Journalist