European private equity firm Triton Partners has finalised a deal to acquire Flender GmbH, an industrial drive systems manufacturer, from private investment major Carlyle Group in a transaction reportedly valued at around €3bn ($3.5bn).
The deal, which was announced on Wednesday morning, marks another significant exit for Carlyle in its industrial portfolio. The US buyout firm has been actively marketing the business this year, having previously explored both a sale and potential public listing....
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