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06/2025

FORGITAL GROUP acquired by STONEPEAK

ITALY Aerospace, Naval & Defense / Aerostructures EV 1b - 4b EUR

Context

Stonepeak's acquisition of Forgital represents a strategic investment into a market-leading manufacturer of critical aerospace and industrial components. The transaction is underpinned by Forgital's established position as a trusted partner to premier aerospace OEMs and other industrial clients, a reputation built on its commitment to quality, innovation, and reliability. Stonepeak identified a significant growth opportunity within the company, driven by strong, durable long-term demand fundamentals in the commercial aerospace end market. The investment firm intends to leverage its deep expertise in mission-critical infrastructure and industrial growth platforms to support Forgital's next phase of expansion and accelerate its strategic agenda. A key element of this new chapter is the appointment of John Slattery, a seasoned aerospace executive formerly with GE Aerospace and Embraer, as Chairman of the Board. This move signals a clear intent to deepen Forgital's aerospace focus and leverage industry-leading expertise to guide its future growth. The partnership aims to enhance Forgital's capacity to innovate and expand its service offerings for customers in highly demanding, precision-engineered applications globally.

It is worth noting that the fund The Carlyle Group took control of Forgital Group through an LBO in 2019.

FORGITAL GROUP, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

Founded in 1873, Forgital is a global leader in the production of large-sized forged and machined rings and components. It specializes in high-performance materials for demanding sectors, primarily aerospace (engine components for Tier 1 suppliers like GE, Rolls-Royce, Safran) as well as oil & gas, and power generation.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

Other operations with FORGITAL GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2019THE CARLYLE GROUPFORGITAL GROUPITALYAerostructures

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: stonepeak