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Blackstone, Warburg move to the 2nd auction round for Carlyle's Arinc

By Religare
|

Blackstone Group LP and Warburg Pincus LLC are among the buyout firms through to the second round of the auction for Carlyle Group LP's aerospace communications firm Arinc Inc.

According to reports, private equity firms Hellman & Friedman LLC, Advent International Corp and BC Partners Ltd are also participating in the process.

A sale of Arinc, which Washington, D.C.-based Carlyle bought in 2007 from a group of US airlines, could fetch between USD 1.3 billion and USD 1.5 billion.

 

PMorgan Chase & Co and Evercore Partners Inc are advising Carlyle on Arinc's sale.

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Story first published: Friday, June 28, 2013, 22:53 [IST]
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