Forgital Group is focused on the production of seamless rolled rings and assembled fan modules for various industrial applications. The company specializes in forging using a range of materials, including titanium, nickel, cobalt, and various steels, while offering integrated services throughout the manufacturing process. With a vertically integrated approach, Forgital ensures efficiency and quality across all stages, from pre-processing to post-processing.
Three private equity firms are competing to acquire Forgital, an Italian manufacturer of forged components primarily for the aerospace industry. The deadline for binding offers is set for the end of the business day on Monday, according to sources familiar with the situation.
Carlyle Group, which purchased Forgital in 2019 for approximately 1 billion euros ($1.1 billion), is leading the sale process with the assistance of JP Morgan. The firm is now targeting an enterprise value of around 2.5 billion euros for the company, as reported earlier in June.
Forgital, located near Vicenza, specializes in the forging and laminating of rolled rings made from various materials. The company generated revenues of 410 million euros last year and is projected to exceed 500 million euros in revenue this year.
Neither Carlyle, JP Morgan, nor the competing firms Stonepeak and Cinven have commented on the ongoing sale process.
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