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- Forgital Group
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
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
Website
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.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 16 Dec 2024 | PE buyout | $3.1B | 31.9x |
Forgital Group Funding History
Forgital Group has raised a total of $30M across 1 funding round.
Forgital Group funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2013 | Undisclosed stage | Fondo Italiano d'Investimento | $30M | Forgital 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialForgital 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $10B | $433M | $3.5B | 0.4x | ||
| Publicly listed | $151M | $33M | $2.6B | 8.3x | ||
| Publicly listed | $4.9B | $430M | $3.8B | 0.2x | ||
| Publicly listed | $482M | $119M | $3.1B | - | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $482M | $119M | 7.2x | - | 29.4x | - | |||
| $569M | $444M | 5.3x | 5.3x | 6.9x | 6.9x | |||
| $2.1B | ($35M) | 1.8x | 1.4x | (103.5x) | 15.4x | |||
| $4.7B | $1.1B | 0.7x | 0.7x | 2.9x | 2.7x | |||
| $4.1B | $202M | 0.6x | 0.6x | 11.6x | 10.0x | |||
| $135M | $50M | 21.6x | 6.1x | 58.1x | 7.9x | |||
| $1.1B | $210M | 3.4x | 3.1x | 16.8x | 14.3x | |||
| $556M | $50M | 5.7x | 4.8x | 63.3x | 31.7x | |||
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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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