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Carlyle agrees to sell Italy's Forgital to Stonepeak
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Carlyle agrees to sell Italy's Forgital to Stonepeak
Dec 16, 2024 6:24 AM

MILAN, Dec 16 (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)

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