The Carlyle Group is nearing a deal to sell Landmark Aviation and Standard Aero to Dubai Aerospace Enterprise, according to Reuters. The transaction would be worth in excess of $1.5 billion. Tempe, Ariz.-based Landmark provides aircraft maintenance services, while Winnipeg-based Standard Aero provides repair services at airport terminals. Doughty Hanson is also a Standard Aero shareholder.
Close Brothers Private Equity has sold United Transport International, a UK-based provider of global logistics for the movement of liquid and dry bulk materials, to Interbulk PLC for £80m.
Eaton Corp. (NYSE: ETN) has completed its $695 million acquisition of aerospace company Argo-Tech Corp. from Greenbriar Equity Group and Vestar Capital Partners. Argo-Tech makes engine fuel pumps, airframe fuel pumps and ground fueling systems used by operators of commercial and military airplanes.
Esprit Capital Partners has sold NetEconomy to Fiserv Inc. (Nasdaq: FISV) for an undisclosed sum. NetEconomy is a Netherlands–based provider of financial crime management and compliance solutions to financial institutions.
NES Rentals Holdings Inc., a portfolio company of Diamond Castle Holdings, has sold Boston-based crane rental subsidiary Shaughnessy Crane Services to AmQuip Corp. No financial terms were disclosed. Diamond Castle took NES private last year for approximately $850 million.
OnCap has sold Canadian aerospace/defense avionics company CMC Electronics Inc. to Esterline Corp. (NYSE: ESL) for approximately $335 million in cash.