Life on the U.S. government teat has been so profitable, The Carlyle Group will suckle Down Under. Carlyle inked a $350 million deal for Australia's Contract Aviation, a merger of Alliance Airlines and Airwork Helicopters. The Australian reported:
The companies provide helicopter and aviation services to the government, military and resources sectors.
Contract Aviation was planning an IPO valued at $300 million. Investors pocketed $50 million more in the Carlyle deal.
Given heightened private equity underwriter (PEU) interest in Australian companies, tax tea leaves must read green.
