Forgital Group Acquisition, Valuation, Funding & Investors

Forgital Group was acquired by Stonepeak for $3.1B in December 2024.

Forgital Group acquisition price

$3.1B

Acquired by Stonepeak · Dec 2024

Forgital Group EBITDA multiple at acquisition

31.9x

EV/EBITDA · Dec 2024

Cumulative funding Forgital Group raised

$30M

across 1 funding round

Key investors in Forgital Group

  • Fondo Italiano d'Investimento

Forgital Group Overview

About Forgital Group

Forgital Group is a manufacturer of seamless rolled rings and assembled fan modules using titanium, nickel, cobalt, and steel alloys. Headquartered in Italy with facilities in Europe, the company provides vertically integrated forging services from pre-processing to heat treatment and machining for aerospace, energy, and industrial applications worldwide.


HQ

ItalyPisa

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$3.1B (acquired Dec 2024)

Forgital Group Acquisition

Forgital Group was acquired by Stonepeak for $3.1B on 16 December 2024.

The acquisition price implies a 31.9x EBITDA multiple.

Before the acquisition Forgital Group had raised $30M across 1 funding round.

Forgital Group, founded in 1873, manufactures advanced forged and machine-finished components, including laminated metallic rolled rings from materials like titanium, nickel-based alloys, aluminum, and steel, for aerospace, defense, space, power generation, oil & gas, and industrial end markets. The company offers vertical integration across the forged components value chain, from process engineering to final machining and testing, with nine facilities in Italy, France, and the United States employing a global workforce. Stonepeak, a New York-headquartered alternative investment firm specializing in infrastructure and real assets with approximately $70 billion in assets under management, acquired Forgital from The Carlyle Group, which had owned it since 2019. Stonepeak entered a definitive agreement on December 16, 2024, to acquire Forgital, with the transaction closing on June 30, 2025, following shareholder approval and customary regulatory approvals; deal terms remain undisclosed. Strategic rationale centers on Forgital's position in the global aerospace supply chain as a trusted partner to leading manufacturers, benefiting from long-term demand tailwinds in aerospace and industrial markets, supported by its manufacturing excellence, quality, and reliability. Stonepeak aims to partner with Forgital's management, including CEO Meddah Hadjar, to accelerate growth, invest in capabilities, and leverage its expertise in mission-critical infrastructure; John Slattery, former GE Aerospace executive, was appointed Chairman of Forgital's board upon closing. Carlyle supported Forgital through a transformative period of change and development, positioning it as a European leader in specialized forged products to capitalize on growth in aerospace, defense, and industrial applications. Legal advisors included Simpson Thacher & Bartlett and Hogan Lovells for Stonepeak, Paul Weiss for financing, and Paul Hastings for lenders, highlighting structured financing for the acquisition.

Forgital Group acquisition details
AcquirerDateTypePriceEV/EBITDA
  • Stonepeak
16 Dec 2024PE buyout$3.1B31.9x

Forgital Group Funding History

Forgital Group has raised a total of $30M across 1 funding round.

Forgital Group funding rounds

Forgital Group funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2013Undisclosed stageFondo Italiano d'Investimento$30MForgital Group, headquartered in Velo d’Astico (VI), Italy, specializes in the production and machining of rings and other large forged components for industrial and aerospace applications. On December 27, 2013 (noted as around 24/12/2013), Fondo Italiano d'Investimento invested 30 million euros for a 17% minority stake in the company. The 2013 investment occurred through Fondo Italiano d'Investimento SGR, which later saw management changes involving Neuberger Berman and NB Aurora. Forgital Group continued growth post-2013, culminating in a 2019 acquisition by Carlyle at a 950 million euro valuation (enterprise value aligned with analyst estimates of 915-996 million euros), where NB Aurora realized a capital gain on its Fondo stake. The company later rebranded elements to Forgital Italy S.p.A. following a 2015 merger.

Who has invested in Forgital Group?

1 investor has backed Forgital Group across its funding rounds, including Fondo Italiano d'Investimento.


Forgital Group Investors

Investors in Forgital Group by funding rounds participated
InvestorHQRoundsRoleFirst check

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Forgital Group Competitors

Forgital Group competitors include listed companies like Salzgitter, C Sun Manufacturing, Danieli & C. Officine and Trekor Metals, and private ones like KoBold Metals and GFCL EV.

Public and private companies comparable to Forgital Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SalzgitterGermanyGermanyPublicly listed$10B$433M$3.5B0.4x
C Sun ManufacturingTaiwanTaiwanPublicly listed$151M$33M$2.6B8.3x
Danieli & C. OfficineItalyItalyPublicly listed$4.9B$430M$3.8B0.2x
Trekor MetalsCanadaCanadaPublicly listed$482M$119M$3.1B-
KoBold MetalsUnited StatesSan Francisco, CAPrivate--$3B-
GFCL EVIndiaIndiaPrivate--$2.7B-

Forgital Group Public Comps

Forgital Group is no longer listed, but its public comps include Trekor Metals, Predictive Discovery, Ultra Clean Holdings, Aluminium Bahrain, Sany Heavy Energy, Jiaxin International Res, Kadant, Comet Holding, Energy Fuels and Endeavour Silver.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Trekor Metals$482M$119M7.2x-29.4x-
Predictive Discovery$569M$444M5.3x5.3x6.9x6.9x
Ultra Clean Holdings$2.1B($35M)1.8x1.4x(103.5x)15.4x
Aluminium Bahrain$4.7B$1.1B0.7x0.7x2.9x2.7x
Sany Heavy Energy$4.1B$202M0.6x0.6x11.6x10.0x
Jiaxin International Res$135M$50M21.6x6.1x58.1x7.9x
Kadant$1.1B$210M3.4x3.1x16.8x14.3x
Comet Holding$556M$50M5.7x4.8x63.3x31.7x

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Common questions about Forgital Group

Where is Forgital Group headquartered?Forgital Group is headquartered in Pisa, Italy.
Is Forgital Group publicly listed?No, Forgital Group was acquired by Stonepeak in December 2024.
Who acquired Forgital Group?Forgital Group was acquired by Stonepeak in December 2024.
How much was Forgital Group acquired for?Forgital Group was acquired for $3.1B in December 2024.
How much funding has Forgital Group raised?Forgital Group has raised $30M across 1 funding round.
What was Forgital Group's last funding round?Forgital Group's last funding round was a $30M undisclosed-stage round in December 2013.
Who are Forgital Group's investors?Forgital Group's investors include Fondo Italiano d'Investimento.
Which companies are comparable to Forgital Group?Companies comparable to Forgital Group include Salzgitter, C Sun Manufacturing, Danieli & C. Officine, Trekor Metals, KoBold Metals and GFCL EV.

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