Carlyle Said to Explore €4 Billion Exit for Germany’s Flender

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.

A deal could happen as soon as the fourth quarter of 2025, according to the people. ...