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EU: Carlyle buys Forgital for €1B

By  |  May 30, 2019

Global investment firm The Carlyle announced it has reached an agreement to acquire the entire shareholding in Forgital, a manufacturing company producing large forged and machined components for use in the aerospace and industrial industries, controlled by members of founding Spezzapria family and, with a minority stake, by Fondo Italiano d’Investimento, managed by Neuberger Berman.

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    The transaction, which values Forgital at approximately 1 billion Euros, is expected to be completed in the second half of 2019, subject to customary closing requirements and regulatory approvals. Funds for the investment will come from Carlyle Europe Partners V (CEP V), a European-focused upper-mid market buyout fund and from Carlyle Partners VII (CP VII), a US-focused buyout fund.

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