Carlyle scraps Arinc sale, to pursue IPO-sources

Newswire

NEW YORK, Sept 12 (Reuters) - Private equity firm Carlyle Group [CYL.UL] has scrapped plans to sell Arinc Inc after failing to find a buyer for the defense and aviation firm in the past six months, several people familiar with the matter said. Carlyle, which hired Goldman Sachs to advise it on the sale of Arinc early this year, is now pursuing an initial public offering for Arinc, the sources said, asking not to be identified because the process is not public. Carlyle, which bought Arinc ...

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