Forgital: Leading Manufacturer Joins Forces with Stonepeak in Acquisition
Deal News | Dec 16, 2024 | Stonepeak
Stonepeak, a prominent alternative investment firm, has signed a definitive agreement to acquire Forgital Group from Carlyle for an undisclosed amount. Forgital, established in 1873, provides advanced forged and machine-finished components to diverse markets including aerospace and industrial sectors. This acquisition is believed to enhance Forgital's capacity to cater to the growing demand in the aerospace sector, while leveraging Stonepeak's extensive global relationships and operational expertise. The closing of the transaction, contingent upon regulatory approval, is anticipated in the second quarter of 2025.
Sectors
- Aerospace & Defense
- Private Equity
- Manufacturing
Geography
- United States – Stonepeak is headquartered in New York and has implications for its investment activities and strategies.
- Italy – Forgital, with operations in Italy, reflects the geographic focus of its manufacturing footprint.
- Global – The operations and reach of both Stonepeak and Forgital span various continents, emphasizing a global business context.
Industry
- Aerospace & Defense – Forgital specializes in providing forged components crucial for the aerospace industry, making this sector highly relevant to the article.
- Private Equity – Stonepeak and Carlyle are both major players in the private equity industry, influencing the acquisition and investment strategies discussed.
- Manufacturing – Forgital's role as a manufacturer of metallic rolled rings for various industries, including aerospace, highlights this industry’s significance.
Financials
- $70 billion – Stonepeak's assets under management as of this article.
- $447 billion – Carlyle's assets under management as of September 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Forgital Group | Target company | Company | A manufacturer of advanced forged and machine-finished components for aerospace and industrial markets. |
| Stonepeak | Bidding Company | Company | An alternative investment firm focusing on infrastructure and real assets. |
| Carlyle | Selling Company | Company | A global investment firm with diverse private capital activities. |
| Simpson Thacher & Bartlett LLP | Legal advisor to Stonepeak | Company | A well-known international law firm providing legal counsel for business transactions. |
| J.P. Morgan Securities Plc | Financial Advisor to Carlyle | Company | Provides strategic advice and solutions for corporate financial matters. |