Carlyle Group completes €1 billion purchase of aerospace manufacturing firm

Darren Wood
By Darren Wood September 11, 2019 11:20

Carlyle Group completes €1 billion purchase of aerospace manufacturing firm

Global investment firm The Carlyle Group has completed the acquisition of Forgital, for approximately €1 billion.

Forgital is an Italian-based manufacturing company producing large forged and machined components for use in the aerospace and industrial sector.

Equity for the transaction will come from Carlyle Europe Partners V, a European-focused upper-mid market buyout fund and Carlyle Partners VII, a US-focused buyout fund.

Established in 1873 with headquarters in Vicenza, Italy, Forgital is a specialist manufacturer of machine-finished forged and laminated rolled rings, made from several different materials, including steel, aluminium, titanium and nickel-based alloys used in several applications across many industries.

Forgital employs over 1,100 people across nine facilities in Italy, France and United States and through its dedicated global salesforce. 

Darren Wood
By Darren Wood September 11, 2019 11:20