Deals
Carlyle Explores €4 Billion Exit for Germany’s Flender, Sources Say
- Private equity firm considers options including IPO, sale
- A transaction could value Flender at €3 billion to €4 billion
A gearbox at a Flender GmbH facility in Penig, Germany.
Photographer: Sebastian Kahnert/picture alliance/Getty ImagesThis article is for subscribers only.
Carlyle Group Inc. is exploring options for Flender GmbH, a provider of mechanical and electrical drive technology, as the private equity firm looks to exit the business, according to people familiar with the matter.
Carlyle is considering alternatives including an initial public offering or sale of Flender, said the people, who asked not to be identified as the information is private. The business could be valued at €3 billion to €4 billion ($3.2 billion to $4.3 billion) in a transaction, the people said.