KPS Capital Partners (KPS) has signed a definitive agreement to acquire Siderforgerossi Group, SpA (Siderforgerossi), a global manufacturer of large diameter forged products.
Upon completion of the transaction, Siderforgerossi will become the fifth acquisition completed by KPS Special Situations Mid-Cap Fund (the “Mid-Cap Fund”) and KPS’ second Mid-Cap Fund acquisition in Italy in 2021.
Ryan Harrison, a Partner of KPS Mid-Cap Investments (KPS Mid-Cap), says: “Siderforgerossi is a market leader with unmatched manufacturing capabilities and a differentiated quality control and customer service track record. We are excited for this investment to form the basis of a global forged products platform that KPS and the Siderforgerossi team intend to grow both organically as well as through acquisitions. We look forward to working with Chief Executive Officer Adriano Zambon, the Company’s talented management team and dedicated employees to accelerate growth opportunities and create value by leveraging KPS’ very successful, multi-decade experience in investing in the metals and forged products industries.”
Financial terms of the transaction have not been disclosed. Intesa Sanpaolo SpA. – IMI Corporate & Investment Banking Division served as lead financial advisor, Houlihan Lokey served as debt capital markets advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS.
