MILAN (Reuters) - Private equity firm Carlyle has agreed to sell Italian firm Forgital, which manufactures forged components mainly for the aerospace sector, to U.S. alternative investment firm
Carlyle to Sell Forgital to Stonepeak for €2 Billion
MILAN (Reuters) - Private equity firm Carlyle has agreed to sell Italian firm Forgital, which manufactures forged components mainly for the aerospace sector, to U.S. alternative investment firm Stonepeak, the two companies said on Monday.
The deal gives the Italian company an enterprise value of around 2 billion euros ($2.10 billion), a source close to the matter told Reuters.
The transaction is expected to close in the second quarter of 2025, the two private equity firms said.
Carlyle, which was advised by JP Morgan on the sale, bought Forgital in 2019.
Earlier this month Reuters reported that three private equity firms, including Stonepeak and Cinven were left in the race for Forgital.
($1 = 0.9528 euros)
(Reporting by Elisa Anzolin and Francesca Landini, editing by Giulia Segreti)
