Milbank LLP advised global investment firm Carlyle on the sale of Flender, a global market leader in mechanical drive technology, to Triton Fund 6 advised by Triton Partners, according to a June 3 announcement. Details of the transaction were not disclosed. The completion of the transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2026.
Since its carve-out from Siemens in 2021, Carlyle has worked closely with Flender’s management team during its transition into an independent business. During this period, Flender strengthened its leadership position in wind and industrial drive technology, expanded its global service network, invested in innovation and operational capabilities, and enhanced both its international footprint and manufacturing platform. Milbank previously advised Carlyle on the acquisition of Flender as well.
Carlyle operates as a global investment firm deploying private capital across Global Private Equity, Global Credit, and Carlyle AlpInvest segments. The company employs more than 2,500 people across 28 offices worldwide. As of March 31, 2026, it reported approximately USD 475 billion in total assets under management.
Flender provides drivetrain solutions globally and has supplied products for over 125 years. Its offerings include gear units, couplings, generators, and digitally enabled lifecycle services for various end markets. The company employs more than 8,000 people worldwide, with headquarters located in Bocholt, Germany.
Triton Partners was founded in 1997 and is owned by its partners. It focuses on investing in European mid-market businesses that provide mission-critical goods and services within Business Services, Industrial Tech, and Healthcare sectors.
