Jefferies Said to Beat Five Bigger Banks to Fund Veritas Buyout
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Photographer: F. Carter Smith/Bloomberg
Jefferies Group LLC is set to lead a $1.4 billion loan to fund Veritas Capital’s buyout of an aircraft maintenance firm, beating out five bigger banks that are subject to stricter lending regulations, according to four people with knowledge of the matter.
The debt will back Veritas’s $2 billion purchase of StandardAero from Dubai Aerospace Enterprise Ltd. The New York-based private-equity firm chose Jefferies as lead arranger of the debt instead of Barclays Plc, Credit Suisse Group AG, Morgan Stanley, Royal Bank of Canada and UBS AG, said two of the people, who asked not to be identified because the deal is private. KKR & Co. will help arrange the debt, the people said…
Jefferies Said to Beat Five Bigger Banks to Fund Veritas Buyout
