Amadeus mulls buying airline pilot communications company from Carlyle
Carlyle Group LP is betting that industrial companies rather than buyout firms are more likely to meet its target price of up to $1.5 billion for the aerospace communications firm Arinc Inc, according to four people familiar with the matter.
Industrial conglomerate Honeywell International Inc and travel technology company Amadeus IT Holding SA are weighing offers in the second round of bidding for Arinc, the sources said, adding to the roster of companies participating in the auction previously reported by Reuters.
Lockheed Martin Corp., Rockwell Collins Inc and Thales SA , as well as a handful of private equity firms, also made it through to the second round, sources familiar with the matter told Reuters last month.
With fully-financed bids expected at the end of July, Arinc management is spending more time speaking with the aerospace and industrial companies and making more information available to them, rather than the private equity bidders, sources told Reuters this week.