Previous close | 4.0000 |
Open | 2.7500 |
Bid | 2.5500 |
Ask | 2.7500 |
Strike | 37.50 |
Expiry date | 2025-03-21 |
Day's range | 2.7500 - 2.7500 |
Contract range | N/A |
Volume | |
Open interest | 111 |
(Bloomberg) -- Carlyle Group Inc. has decided to take StandardAero Inc. public after trying to sell the aircraft maintenance services provider, according to people familiar with the matter.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceUS Driving and Congestion Rates Are Higher Than EverAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeFrom Louisville, a Push to Plant Trees for Public HealthThe Hague Is World’s First City to Ban Oil and Ai
The valuation is much higher than the $6.7 billion Sedgwick was worth when Carlyle made its initial investment in the company in 2018. Altas' investment in Sedgwick underscores a gradual resurgence in private equity deals as firms look to put their cash to work.
Sedgwick, a leading global provider of claims management, loss adjusting and technology-enabled business solutions, announced a strategic investment from Altas Partners ("Altas"), a North American private equity firm. Current investors, including funds managed by global investment firm Carlyle (NASDAQ: CG) and by Stone Point Capital LLC, will remain as investors and continue to make significant new investments in the business, with Carlyle maintaining its control position in partnership with the