At what enterprise value was FORGITAL GROUP acquired in 2019?

During the acquisition of FORGITAL GROUP by THE CARLYLE GROUP in 2019, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FORGITAL GROUP when it was acquired by THE CARLYLE GROUP?

The estimated EV/EBITDA multiple for FORGITAL GROUP is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.6x. Join our community for free to access full valuation data and industry trends.

When was FORGITAL GROUP acquired by THE CARLYLE GROUP?

FORGITAL GROUP was acquired by THE CARLYLE GROUP in 2019.

What was the revenue of FORGITAL GROUP at the time of the deal?

The revenue of FORGITAL GROUP at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FORGITAL GROUP during the acquisition?

FORGITAL GROUP's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FORGITAL GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the FORGITAL GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://bebeez.it/private-equity/carlyle-sigla-lacquisto-di-forgital-deal-da-950-mln-euro/

← DATABASE

Home Database Industry & ManufacturingFORGITAL GROUP

05/2019

FORGITAL GROUP acquired by THE CARLYLE GROUP

ITALY Aerospace, Naval & Defense / Aerostructures EV 500M - 1.5b EUR

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 in 2017, 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).

-> Deep-dive in Industry & Manufacturing market trends

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

2017

2016

Other operations with FORGITAL GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2025	STONEPEAK	FORGITAL GROUP	ITALY	Aerostructures

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

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