Forgital Sale to Stonepeak: Latham & Watkins Advises Carlyle on Exit
Deal News | Dec 16, 2024 | Legal Community Italy
Latham & Watkins has been engaged by Carlyle to advise on the sale of its portfolio company, Forgital, a supplier of aerospace laminated rings, to Stonepeak. The transaction is pending regulatory approval and is expected to close in the second quarter of 2025. The legal advisory team from Latham & Watkins was helmed by Stefano Sciolla and included experts from various practice areas, including finance and regulatory matters. Stonepeak was advised by Legance, with support from Simpson Thacher and Paul Weiss. Each legal firm assembled diverse teams to ensure specialized oversight of corporate, antitrust, finance, real estate, and tax matters associated with the transaction.
Sectors
- Aerospace Manufacturing
- Private Equity & Investment Management
- Legal Advisory
Geography
- Italy – Forgital is based in Italy, and the legal advisory firm Legance involved in the transaction is also Italian.
- United States – Carlyle and Stonepeak are American investment firms. The legal firms involved, including Latham & Watkins and Paul Weiss, have significant U.S. operations.
- United Kingdom – Simpson Thacher's involvement includes UK-based corporate advisory, indicating a presence in the UK's legal market.
Industry
- Aerospace Manufacturing – Forgital operates in the aerospace manufacturing sector, producing specialized parts like laminated rings for aerospace applications.
- Private Equity & Investment Management – Carlyle and Stonepeak are involved in private equity and investment management, focusing on acquiring and managing portfolio companies.
- Legal Advisory – Firms such as Latham & Watkins, Legance, Simpson Thacher, and Paul Weiss are providing legal advisory services for the transaction.
Financials
- – The article does not specify the deal size or financial terms of the sale of Forgital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Forgital | Target Company | Company | An Italian company producing laminated rings for aerospace applications. |
| Carlyle Group | Selling Company | Company | A global private equity firm that currently owns Forgital. |
| Stonepeak | Buying Company | Company | An investment firm acquiring Forgital from Carlyle. |
| Latham & Watkins | Legal Advisor for Carlyle | Company | A law firm providing legal advisory services to Carlyle for the sale of Forgital. |
| Legance | Legal Advisor for Stonepeak | Company | An Italian law firm advising Stonepeak in the acquisition of Forgital. |
| Simpson Thacher & Bartlett | Legal Advisor for Stonepeak | Company | A law firm advising Stonepeak with services in corporate, antitrust, credit, tax, and funds. |
| Paul Weiss | Legal Advisor for Stonepeak | Company | A New York-based law firm providing legal assistance to Stonepeak on this transaction. |