Global investment firm Carlyle has announced an agreement to sell Forgital Group, a provider of advanced aerospace and industrial forged products, to Stonepeak. Forgital, founded in 1873 by the Spezzapria family and headquartered in Italy, is a leading European manufacturer specializing in forging, laminating, and machining rolled rings. The company operates facilities in Italy, France, and the US and employs over 1,100 people.
Carlyle’s involvement with Forgital saw efforts to expand the management team and adapt the business during the challenges posed by Covid-19. This included improving operational efficiency, growing the order book, diversifying the customer base with new product offerings, and entering new verticals.
Marco De Benedetti of Carlyle expressed satisfaction with their role during this transformative period for Forgital. “We are pleased to have supported Forgital through such a transformative period for the business,” he stated. He believes that Forgital is well-positioned for growth in its key markets of aerospace & defense and industrial applications.
Forgital CEO Meddah Hadjar acknowledged Carlyle’s support during recent years of change for the company. “I would like to thank the Carlyle team for their invaluable support,” Hadjar said. He looks forward to working with Stonepeak as an ideal partner for future growth.
Conor Sutherland from Stonepeak commented on Forgital’s integral role in the global aerospace supply chain. “We admire Forgital’s strong business model,” Sutherland noted. He emphasized Stonepeak’s commitment to supporting Forgital’s continued success.
The transaction is anticipated to close in the second quarter of 2025 following regulatory approvals. J.P. Morgan Securities Plc served as advisor to Carlyle on this transaction.
