Reuters - Carlyle Prepares to Sell Arinc

Private equity firm Carlyle Group is preparing to sell aerospace and defense company Arinc and has hired JPMorgan Chase and Evercore Partners to advise on the process, writes Reuters. Arinc, which the buyout firm bought from six U.S. airlines in 2007 for an undisclosed sum, is expected to draw interest mostly from larger aerospace industry rivals and may fetch $1.2 billion to $1.5 billion in a sale, writes Reuters.

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