Private equity firm
Appears in 3 stories
MRO Holdings co-owner, retaining 35% after the deal
AAR Corp., an Illinois-based aviation parts and repair company, agreed on Sept. 28 to buy a 65% stake in MRO Holdings, a private-equity-backed aircraft maintenance firm, in a deal that values MRO Holdings at $4 billion. The combination creates what AAR says will be the world's largest heavy-maintenance provider, servicing nearly 3,000 aircraft a year across its hangars.
Updated 2 hours ago
Lead investor in Beeline's Series A
Beeline Medicines' afimetoran, a once-daily oral pill for lupus, met its primary endpoint in a Phase 2 trial. The result moves the biotech into Phase 3 (pivotal) development for two forms of the disease.
Updated Sep 9
49.9% partner in fire safety joint venture
3M bought its Scott Safety breathing-apparatus business for $2 billion in 2017. Nine years later, it's merging the unit with rescue-tool maker Madison Fire & Rescue in a $1.95 billion joint venture with Bain Capital, keeping 50.1% ownership and getting $700 million in cash. The new entity will sell breathing gear, hydraulic rescue tools, suppression nozzles, and portable wildland pumps under brands like Holmatro, Task Force Tips, and Waterax.
Updated May 30
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