Latham & Watkins and Khaitan & Co have advised on the proposed acquisition of Flender from Carlyle.

Flender is a global market leader in mechanical drive technology, providing gearboxes, couplings and generators for a broad range of industrial and wind power applications. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close in Q4 2026.

Latham & Watkins advised Triton Partners on the acquisition.

The Latham team was led by Frankfurt Private Equity Partners Leif Schrader and Oliver Felsenstein, with Counsel Katharina Intfeld and Associates Jaschar Mirkhani, Jan Gocha, Astrid Preuss, Dominique Brieger, and Sara Collorio.

Advice was also provided on antitrust matters by Brussels Partner Philipp Studt and London Partner Ludmilla Le Grand, with Associates Jörn Kramer and Meera Manoj; on intellectual property matters by Frankfurt Partner Susan Kempe‑Müller, with Associate Karolin Borcherding; on banking and private credit matters by Frankfurt Partner Alexandra Hagelüken, with Counsel Cora Grannemann and Rainer Adlhart and Associate André Traute; on tax matters by Munich Partner Stefan Süß; on employment matters by Munich Partner Tobias Leder, with Associate Julian Traub; on real estate matters by Counsel Sven Nickel, with Associate Marie-Christine Welp; on data law matters by Associate Clemens Ganz; and on regulatory matters by Associate Maxim Glusdak.

Khaitan & Co advised funds managed by Triton Partners on the proposed acquisition of Flender Group GmbH, including its Indian subsidiaries.

The Khaitan & Co team included Rabindra Jhunjhunwala, Kevin Shah, Abhijeet Kamath, and Akshara Bhansali, with assistance from Vinay Joy and Srishti Ramkrishnan on employment law aspects.