Stonepeak Completes Forgital Acquisition in €2B Deal
Deal News | Jul 01, 2025 | Legal Community Italy
Stonepeak, a prominent private equity firm, has completed the acquisition of Forgital Group, a leader in the aerospace and manufacturing sectors, from The Carlyle Group for €2 billion. This transaction, considered significant given its scale and strategic importance, saw the participation of numerous international and Italian law firms. Legal advisory for Stonepeak was provided by Simpson Thacher & Bartlett, Legance – Avvocati Associati, and Paul, Weiss, Rifkind, Wharton & Garrison, while Latham & Watkins represented Carlyle. Additional legal support for financial matters was provided by PedersoliGattai and Paul Hastings, with Cordusio Fiduciaria S.p.A. acting as the closing agent. Zulli Tabanelli e Associati and Perris e Associati served as financial advisors for the minority shareholders of the Spezzapria family. Forgital's acquisition underscores Stonepeak's strategy to reinforce its presence in strategic industrial sectors, especially aerospace and high-specialization manufacturing.
Sectors
- Private Equity
- Aerospace
- Manufacturing
- Legal Services
Geography
- Italy – Forgital is based in Italy, and several Italian law firms participated in the transaction.
- United States – Stonepeak, a private equity firm involved in the acquisition, is based in the United States.
Industry
- Private Equity – The acquisition of Forgital by Stonepeak falls under the private equity sector as it involves a private equity firm making a significant investment.
- Aerospace – Forgital operates in the aerospace industry, offering components and services vital to this sector.
- Manufacturing – Forgital's involvement in high-specialization manufacturing highlights the relevance of the manufacturing industry in this transaction.
- Legal Services – Multiple law firms provided legal advisory services, highlighting the critical role of legal services in facilitating such large transactions.
Financials
- €2 billion – The acquisition value paid by Stonepeak to acquire Forgital from The Carlyle Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Forgital Group | Target Company | Company | Forgital is a leader in the aerospace and manufacturing sectors, targeted for acquisition by Stonepeak. |
| The Carlyle Group | Selling Company | Company | The Carlyle Group is the global investment firm selling Forgital to Stonepeak. |
| Stonepeak | Bidding Company | Company | Stonepeak is the private equity firm acquiring Forgital Group. |
| Simpson Thacher & Bartlett | Legal Advisor to Stonepeak | Company | Provided corporate, antitrust, finance, tax, and real estate legal advisory services to Stonepeak. |
| Legance – Avvocati Associati | Legal Advisor to Stonepeak | Company | Italian law firm assisting Stonepeak on corporate and golden power aspects. |
| Paul, Weiss, Rifkind, Wharton & Garrison | Legal Advisor to Stonepeak | Company | Advised Stonepeak on structuring the transaction. |
| Latham & Watkins | Legal Advisor to Carlyle | Company | Represented The Carlyle Group with corporate, finance, and regulatory legal services. |
| PedersoliGattai | Legal Advisor for Bondholders and Financing Banks | Company | Supported bondholders and financing banks involved in the transaction. |
| Paul Hastings | Legal Advisor to Financing Banks | Company | Assisted financing banks involved in the transaction. |
| Cordusio Fiduciaria S.p.A. | Closing Agent | Company | Served as the closing agent for the acquisition. |
| Zulli Tabanelli e Associati | Financial Advisor to Minority Shareholders | Company | Advised the minority shareholders of the Spezzapria family. |
| Perris e Associati | Financial Advisor to Minority Shareholders | Company | Also advised the minority shareholders of the Spezzapria family. |