FORGITAL GROUP acquired by THE CARLYLE GROUP
Context
The Carlyle Group signed a binding agreement to acquire 100% of Forgital from the family (83%) and Fondo Italiano d’Investimento (17%). The valuation reflects the group's critical position in the aerospace supply chain. The transaction allowed NB Aurora to generate a significant capital gain, receiving ~EUR50M from a carrying value of EUR21M. The deal was subject to Antitrust and Golden Power approvals in Italy and France due to the strategic nature of Forgital's technology.
FORGITAL GROUP, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a level close to the average currently observed in the Industry & Manufacturing sector (11.7x).
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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
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with FORGITAL GROUP
Other operations with FORGITAL GROUP
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2025 | STONEPEAK | FORGITAL GROUP | ITALY | Aerostructures |
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2026 | THE CARLYLE GROUP | NIDEC COMPONENTS | JAPAN | Sensors & Optics |
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REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €250–500M
EBITDA range: €50–100M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FORGITAL GROUP by THE CARLYLE GROUP are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: the carlyle group