Boeing (BA) is in advanced discussions to sell its Jeppesen navigation unit to private-equity firm Thoma Bravo, Bloomberg News reported Tuesday, citing people familiar with the matter.
A deal could be announced later in the week, the unnamed sources told the news outlet.
Blackstone (BX), Carlyle Group (CG), Veritas Capital, Warburg Pincus, and Advent are among the private-equity firms that were interested in buying Jeppesen for $6 billion to $8 billion, Bloomberg reported in January.
Boeing and Thoma Bravo did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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