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Report: Carlyle Group Preparing Sale Of ARINC

ARINCLogoCarlyle Group is preparing to sell ARINC at a private auction later this spring, according to Reuters.

A sale of the Annapolis, Md.-based aerospace and defense company could be worth between $1.2 billion and $1.5 billion to Carlyle, according to Soyoung Kim’s report.

Carlyle acquired ARINC from six U.S. airlines in 2007 for an undisclosed amount, the report said.

The private equity firm sold ARINC’s defense systems engineering and support business to Booz Allen Hamilton (NYSE: BAH) in December 2012 for $154 million cash.

ARINC’s earnings are roughly between $120 million to $125 million before interest, tax, depreciation and amortization and could be sold for more than 10 times EBITDA, Reuters reports.

JPMorgan Chase and Evercore Partners have been hired to advise Carlyle on the process, according to the report.

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