According to Reuters, a deal for as much as $900m is close, after Warburg Pincus beat fellow private equity firms in an auction process.
Odyssey picked up Wencor in February 2010. Founded in 1955, Wencor provides aircraft parts to repair stations, operators of general aviation aircraft, and commercial airlines across the globe.
Earlier this year Odyssey has held a $2bn final close for its fifth flagship vehicle.
The firm was thought to have already beaten its $1.75bn target late last year thanks to commitments including $50m from the San Francisco Employees’ Retirement System (SFERS), which AltAssets revealed in December.
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