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)