Simpson Thacher is advising Stonepeak in connection with the acquisition of Forgital Group (“Forgital”), a leading manufacturer of advanced forged and machine-finished components for aerospace and industrial end markets, from global investment firm Carlyle Group Inc. The transaction is expected to close in the second quarter of 2025 subject to the satisfaction of customary regulatory approvals.
Forgital, founded in 1873, specializes in forged and laminated metallic rolled rings, with technologically advanced manufacturing capabilities across a broad portfolio of materials, including titanium, nickel-based alloys, aluminium, and steel. Forgital serves a diverse range of end markets, including aerospace, defence, space, power generation, and oil & gas, and offers vertical integration across the entire forged components value chain, from process engineering to assembly, final machining, and testing. Forgital has a global workforce with an operational footprint across Europe and North America spanning nine facilities in Italy, France, and the United States.
The Simpson Thacher team includes Paul Foote, Eli Hunt, Gemma Cullen, Niccolò Calvi, Andrew Cho, John Saunders and Julia Conzen (U.K. Corporate); Ned Simpson (U.S. Corporate); Josh Buckland, Lina Kim and Jiaxin Li (Antitrust); Claire Williams and Jennifer Falconer Hall (Credit); Yash Rupal, Jonathan Goldstein and Tim Wells (Tax); Deborah Gruen (Funds); and Krista McManus (Real Estate). Simpson Thacher worked alongside Legance, a leading Italian law firm.