BUZZ-StandardAero slips as Carlyle and GIC to chop stakes in secondary offering

Reuters

May 20

BUZZ-StandardAero slips as Carlyle and GIC to chop stakes in secondary offering

** Shares of aircraft maintenance services firm StandardAero SARO.N down 3.1% to $29 in extended trading after secondary offering unveiled

** Scottsdale, Arizona-based firm co says p rivate equity firm Carlyle CG.O and Singapore's sovereign wealth fund GIC to offload 30 mln shares

** Carlyle owns ~180.8 mln shares for 54% stake, and GIC holds ~40.8 mln shares for 12.2% ownership, per the SEC filing

** SARO has ~334.5 mln shares outstanding as of Apr 30, giving co $10 bln market cap

** JP Morgan, Morgan Stanley, RBC, BofA, UBS and Jefferies jt lead bookrunners for offering

** SARO shares on Mon closed down 2 cents at $29.93. Shares, up ~21% YTD, have gained ~17.5% over the past month

** Co went public in Oct IPO priced at $24

** Of 9 analysts covering SARO, 6 rate "strong buy" or "buy", 3 rate "hold" and the median PT is $33.50, latest LSEG data shows

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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Shares, up ~21% YTD, have gained ~17.5% over the past month\n    \n  </p><p>\n    \n      ** Co went public in Oct <span>IPO priced at $24</span>\n</p><p>\n    \n      ** Of 9 analysts covering SARO, 6 rate \"strong buy\" or \"buy\", 3 rate \"hold\" and the median PT is $33.50, latest LSEG data shows\n    \n  </p><p>(Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106831901.USD","symbol_name":"贝莱德世界金融基金A2","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250519:nL6N3RR0ZL:1","article_id":"2536630146","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536630146","pubTimestamp":1747687955,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"** Shares of aircraft maintenance services firm StandardAero SARO.N down 3.1% to $29 in extended trading after secondary offering unveiled. rivate equity firm Carlyle CG.O and Singapore's sovereign wealth fund GIC to offload 30 mln shares. Carlyle owns ~180.8 mln shares for 54% stake, and GIC holds ~40.8 mln shares for 12.2% ownership, per the SEC filing. ** SARO has ~334.5 mln shares outstanding as of Apr 30, giving co $10 bln market cap. JP Morgan, Morgan Stanley, RBC, BofA, UBS and Jefferies jt lead bookrunners for offering. ** SARO shares on Mon closed down 2 cents at $29.93. Shares, up ~21% YTD, have gained ~17.5% over the past month. ** Of 9 analysts covering SARO, 6 rate \"strong buy\" or \"buy\", 3 rate \"hold\" and the median PT is $33.50, latest LSEG data shows","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0106831901.USD":"贝莱德世界金融基金A2","LU0882574139.USD":"富达环球消费行业基金A ACC","BK4516":"特朗普概念","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4550":"红杉资本持仓","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4207":"综合性银行","SARO":"StandardAero, Inc.","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","CG":"凯雷","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","BK4187":"航天航空与国防","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4585":"ETF&股票定投概念","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","SG9999002224.SGD":"Allianz Global High Payout SGD","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC"},"translate_title":"BUZZ-StandardAero股价下滑，凯雷和GIC在二次发行中减持股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CG":0.9,"SARO":0.9},"content_text":"BUZZ-StandardAero slips as Carlyle and GIC to chop stakes in secondary offering\n    ** Shares of aircraft maintenance services firm StandardAero SARO.N down 3.1% to $29 in extended trading after secondary offering unveiled\n  \n    \n      ** Scottsdale, Arizona-based firm co says p\n    \n    \n      rivate equity firm Carlyle CG.O and Singapore's sovereign wealth fund GIC to offload 30 mln shares\n    \n  \n    \n      \n        \n          ** \n        \n      \n    \n    Carlyle owns ~180.8 mln shares for 54% stake, and GIC holds ~40.8 mln shares for 12.2% ownership, per the SEC filing\n\n    \n      \n        \n          ** SARO has ~334.5 mln shares outstanding as of Apr 30, giving co $10 bln market cap\n        \n      \n    \n  \n    \n      \n        \n          ** \n        \n      \n    \n    JP Morgan, Morgan Stanley, RBC, BofA, UBS and Jefferies jt lead bookrunners for offering\n  \n    \n      ** SARO shares on Mon closed down 2 cents at $29.93. Shares, up ~21% YTD, have gained ~17.5% over the past month\n    \n  \n    \n      ** Co went public in Oct IPO priced at $24\n\n    \n      ** Of 9 analysts covering SARO, 6 rate \"strong buy\" or \"buy\", 3 rate \"hold\" and the median PT is $33.50, latest LSEG data shows\n    \n  (Lance Tupper is a Reuters market analyst. The views expressed are his own)((lance.tupper@tr.com 1-646-279-6380))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}