Milbank LLP represented the underwriters in the initial public offering of shares of common stock by StandardAero, Inc., a leading independent pure-play provider of aerospace engine aftermarket services for fixed and rotary wing aircraft, serving the commercial, military, and business aviation end markets. The initial public offering was upsized from the previously announced 46,500,000 shares to 69,000,000 shares, which includes the full exercise of the underwriters’ option to purchase an additional 9,000,000 shares, at a public offering price of US$24.00 per share. The shares include 53,250,000 shares issued and sold by StandardAero and 15,750,000 shares to be sold by existing stockholders.
The Milbank deal team was led by Corporate Finance and Securities partners Rod Miller and Lesley Janzen, along with associates James Dorian, Nicole Haddad and Devarshi Mukhopadhyay.
