Reuters – Carlyle Prepares to Sell Arinc

Private equity firm Carlyle Group LP is preparing to sell aerospace and defense company Arinc Inc. and hired JPMorgan Chase and Evercore Partners Inc. to advise on the process, three people familiar with the matter told 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, Reuters wrote.

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