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Blackstone, Warburg to make second round bids for Carlyle’s Arinc

28 Jun 2013

plane5_lrgPrivate equity firms Blackstone and Warburg Pincus are reportedly set to submit second round bids for fellow buyout firm Carlyle’s aerospace communications firm Arinc.

Private equity firms Hellman & Friedman, Advent International and BC Partners are also bidding for the business, said Reuters, citing several people familiar with the matter.

Meetings with Arinc’s management are underway and no deadline for final bids yet been said, said the sources.

The bids from buyout firms provide Carlyle with an alternative if it fails to secure offers from industry players, which would pay more.

The sources said that Rockwell Collins, Lockheed Martin and Thales are also participating in the sale process, while General Electric, which has also shown interest in the company, has dropped out.

Arinc is expected to sell for between $1.3bn and $1.5bn.

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