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Carlyle Sets Sale of Arinc to Aerospace Industry Rivals

February 26
1:04 PM 2013

Private equity company Carlyle Group LP has been in preparation for the sale of aerospace and defense firm Arinc Inc., sources close to the company said.

Citing people familiar with the matter divulged that Carlyle has hired Evercore Partners Inc. and JPMorgan Chase to advise on the sale of Arinc, which is expected to draw interest from the company's larger rivals in the aerospace industry, and which could fetch up to $1.5 billion if completely sold.

Sources added that the defense firm could be sold for more than 10 times earnings before interest, tax, depreciation and amortization (EBITDA) because of its roughly $120 million to $125 million in (EBITDA).

Previously, Carlyle attempted to sell Arinc but failed to do so over a price gap in line with potential buyers' lack of interest in pursuing the entire firm.

The launch of the Arinc's auction is expected to commence later this year's spring, the people stated. 

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