Stonepeak to Acquire Forgital Group from Carlyle
Stonepeak has announced a definitive agreement to acquire Forgital Group from Carlyle (NASDAQ: CG). Founded in 1873, Forgital is a leading manufacturer of advanced forged and machine-finished components for aerospace and industrial markets, specializing in forged and laminated metallic rolled rings across various materials.
The company operates nine facilities across Italy, France, and the United States, serving diverse end markets including aerospace, defense, space, power generation, and oil & gas. The transaction is expected to close in Q2 2025, subject to regulatory approvals.
Forgital's vertical integration spans the entire forged components value chain, from process engineering to assembly, final machining, and testing. The company is positioned to benefit from long-term aerospace end market demand.
Stonepeak ha annunciato un accordo definitivo per acquisire Forgital Group da Carlyle (NASDAQ: CG). Fondata nel 1873, Forgital è un produttore leader di componenti avanzati forgiati e meccanici per i mercati aerospaziale e industriale, specializzandosi in anelli metallici forgiati e laminati realizzati con vari materiali.
L'azienda opera in nove stabilimenti in Italia, Francia e Stati Uniti, servendo vari mercati finali tra cui aerospaziale, difesa, spazio, generazione di energia e petrolio e gas. L'operazione dovrebbe chiudersi nel secondo trimestre del 2025, subordinata alle approvazioni normative.
L'integrazione verticale di Forgital copre l'intera catena del valore dei componenti forgiati, dalla progettazione del processo all'assemblaggio, alla lavorazione finale e ai test. L'azienda è ben posizionata per beneficiare della domanda a lungo termine nel mercato aerospaziale.
Stonepeak ha anunciado un acuerdo definitivo para adquirir Forgital Group de Carlyle (NASDAQ: CG). Fundada en 1873, Forgital es un fabricante líder de componentes forjados avanzados y mecanizados para los mercados aeroespacial e industrial, especializado en anillos metálicos forjados y laminados de diversos materiales.
La compañía opera en nueve instalaciones en Italia, Francia y Estados Unidos, atendiendo a diversos mercados finales incluyendo aeroespacial, defensa, espacio, generación de energía y petróleo y gas. La transacción se espera que se cierre en el segundo trimestre de 2025, sujeto a aprobaciones regulatorias.
La integración vertical de Forgital abarca toda la cadena de valor de los componentes forjados, desde la ingeniería de procesos hasta el ensamblaje, el mecanizado final y las pruebas. La empresa está posicionada para beneficiarse de la demanda a largo plazo en el mercado aeroespacial.
스톤피크가 카를라일 (NASDAQ: CG)로부터 포르기탈 그룹을 인수하기 위한 최종 합의를 발표했습니다. 1873년에 설립된 포르기탈은 항공우주 및 산업 시장을 위한 고급 단조 및 가공 부품의 선도적인 제조업체로, 다양한 재료로 제작된 단조 및 적층 금속 롤 링을 전문으로 합니다.
이 회사는 이탈리아, 프랑스 및 미국 전역에 9개의 시설을 운영하며, 항공우주, 방위, 우주, 발전 및 석유 및 가스를 포함한 다양한 최종 시장에 서비스를 제공합니다. 이 거래는 규제 승인에 따라 2025년 2분기에 종료될 것으로 예상됩니다.
포르기탈의 수직 통합은 공정 엔지니어링에서 조립, 최종 가공 및 테스트에 이르는 전체 단조 부품 가치 사슬을 포괄합니다. 이 회사는 장기적인 항공우주 최종 시장 수요의 혜택을 받을 수 있는 위치에 있습니다.
Stonepeak a annoncé un accord définitif pour acquérir Forgital Group de Carlyle (NASDAQ: CG). Fondée en 1873, Forgital est un fabricant de premier plan de composants forgés avancés et usinés pour les marchés aérospatial et industriel, se spécialisant dans les anneaux métalliques laminés et forgés en divers matériaux.
L'entreprise exploite neuf établissements en Italie, en France et aux États-Unis, servant divers marchés finaux, y compris aérospatial, défense, espace, production d'énergie et pétrole et gaz. La transaction devrait se conclure au deuxième trimestre de 2025, sous réserve des approbations réglementaires.
L'intégration verticale de Forgital couvre l'ensemble de la chaîne de valeur des composants forgés, de l'ingénierie des processus à l'assemblage, à l'usinage final et aux tests. L'entreprise est bien positionnée pour bénéficier de la demande à long terme dans le marché aérospatial.
Stonepeak hat eine endgültige Vereinbarung zur Übernahme von Forgital Group von Carlyle (NASDAQ: CG) bekannt gegeben. Forgital, gegründet im Jahr 1873, ist ein führender Hersteller von fortschrittlichen geschmiedeten und maschinell bearbeiteten Komponenten für die Luft- und Raumfahrt- sowie die Industriewirtschaft, der sich auf geschmiedete und laminierten Metallringe aus verschiedenen Materialien spezialisiert hat.
Das Unternehmen betreibt neun Anlagen in Italien, Frankreich und den Vereinigten Staaten und bedient vielfältige Endmärkte, darunter Luft- und Raumfahrt, Verteidigung, Raumfahrt, Energieerzeugung und Öl & Gas. Die Transaktion wird voraussichtlich im zweiten Quartal 2025 abgeschlossen, vorbehaltlich der behördlichen Genehmigungen.
Die vertikale Integration von Forgital umfasst die gesamte Wertschöpfungskette der geschmiedeten Komponenten, von der Prozessentwicklung über die Montage, die Endbearbeitung bis hin zu Tests. Das Unternehmen ist gut positioniert, um von der langfristigen Nachfrage im Luft- und Raumfahrtmarkt zu profitieren.
- Strategic positioning in high-growth aerospace and defense markets
- Vertical integration across entire forged components value chain
- Global operational footprint with nine facilities across three countries
- Diversified end-market exposure including aerospace, defense, space, and industrial sectors
- Extended closing timeline (Q2 2025) creates execution uncertainty
- Transaction subject to regulatory approval risks
Insights
This strategic divestment by Carlyle (CG) marks a significant transaction in the aerospace manufacturing sector. The sale of Forgital Group to Stonepeak represents a culmination of Carlyle's successful value creation strategy. Under Carlyle's ownership, Forgital has strengthened its market position in critical aerospace and defense supply chains. The timing of the sale appears opportune, capitalizing on the strong aerospace sector recovery and increasing defense spending globally.
While specific financial terms weren't disclosed, the transaction will likely contribute positively to Carlyle's portfolio performance. Forgital's vertical integration and specialized manufacturing capabilities in critical materials make it a valuable asset, particularly given the current supply chain focus on reliable aerospace component suppliers. The expected closing in Q2 2025 provides adequate time for regulatory clearances, typical for aerospace-related transactions.
The acquisition highlights the growing strategic value of specialized aerospace manufacturing assets. Forgital's capabilities in forging critical components from titanium and nickel-based alloys position it uniquely in the aerospace supply chain. The company's diverse end-market exposure across aerospace, defense and industrial applications provides resilient revenue streams. The global footprint with facilities across Europe and North America offers strategic advantages in serving major aerospace manufacturers.
Stonepeak's entry into this space signals strong confidence in aerospace sector fundamentals. The infrastructure-focused investor's interest underscores Forgital's critical role in industrial supply chains. This transaction reflects a broader trend of infrastructure funds targeting mission-critical industrial assets with stable, long-term growth prospects.
Forgital, founded in 1873, specializes in forged and laminated metallic rolled rings, with technologically advanced manufacturing capabilities across a broad portfolio of materials, including titanium, nickel-based alloys, aluminum, and steel. The Company serves a diverse range of end markets, including aerospace, defense, space, power generation, and oil & gas, and offers vertical integration across the entire forged components value chain, from process engineering to assembly, final machining, and testing. Forgital has a global workforce with an operational footprint across
Conor Sutherland, Managing Director at Stonepeak, said: “Forgital is an integral link in the global aerospace supply chain, and a trusted partner to leading aerospace manufacturers and industrial customers. We have high conviction in long-term aerospace end market demand and believe Forgital is positioned to benefit from these tailwinds. We admire Forgital’s strong business model, manufacturing excellence and distinguished reputation among its customers for quality and reliability. We are thrilled to make this investment and partner with Forgital’s dedicated management team and talented workforce to support Forgital’s continued success.”
Meddah Hadjar, CEO of Forgital, said: “I would like to thank the Carlyle team for their invaluable support, expertise and guidance over the last few years, which have been a significant period of change and development for Forgital. Stonepeak represents an ideal partner for the next stage of Forgital’s growth, bringing deep experience, global relationships, and operational expertise within sectors and businesses that are mission-critical to the supply chain. We are excited to leverage these resources to support our customers, and to partner with Conor and the rest of the Stonepeak team as we continue to develop Forgital’s manufacturing excellence and global capabilities.”
Marco De Benedetti, Chairman of
The transaction is expected to close in the second quarter of 2025 and is subject to the satisfaction of customary regulatory approvals.
Simpson Thacher & Bartlett LLP, Legance – Avvocati Associati, Hogan Lovells International LLP, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Stonepeak. J.P. Morgan Securities Plc served as financial advisor to Carlyle. Latham & Watkins LLP served as legal counsel to Carlyle.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately
About Forgital
Forgital is a leading, vertically integrated Group focused on the manufacturing of seamless rolled rings in rectangular or profiled sections, as well as assembled fan modules, covering the largest range of sizes. Forgital specializes in forging rolled rings, with technologically advanced capabilities across a broad range of materials, including titanium, nickel and cobalt alloys, carbon steel, alloy steel, stainless steel and aluminium. Forgital’s Compact Supply Chain simplifies the production process of its customers through an integrated system of technologies and services which encompasses all the steps of the project: from the pre-processing to the post-processing phase (including finishing, welding and macroetching).
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With
View source version on businesswire.com: https://www.businesswire.com/news/home/20241215926348/en/
For Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225
For Forgital
Mara Rezzadore
Mara.Rezzadore@forgital.com
+39 0445 731322
For Carlyle
Nicholas Brown
nicholas.brown@carlyle.com
+44 7471 037 002
Source: Stonepeak
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