StandardAero auction hits final round: Bloomberg

The auction of StandardAero Aviation Holdings Inc has hit the final round with Blackstone Group LP, Carlyle Group LP and Warburg Pincus bidding for the company, Bloomberg reported. StandardAero could fetch as much as $5 billion, the story said. StandardAero, an aircraft maintenance provider, is backed by Veritas Capital. Final offers for StandardAero are due in mid-December, Bloomberg said.