M&A Deal Summary

Stonepeak Acquires Forgital

On December 16, 2024, infrastructure investor Stonepeak acquired manufacturer Forgital from The Carlyle Group

Acquisition Highlights
  • This is Stonepeak’s 1st transaction in the Manufacturing sector.
  • This is Stonepeak’s 1st transaction in Italy.

M&A Deal Summary

Date 2024-12-16
Target Forgital
Sector Manufacturing
Buyer(s) Stonepeak
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout

Target

Forgital

Vicenza , Italy
Forgital manufactures seamless rolled rings in rectangular or profiled sections, as well as assembled fan modules, covering the largest range of sizes. It specializes in forging rolled rings, with technologically advanced capabilities across a broad range of materials, including titanium, nickel and cobalt alloys, carbon steel, alloy steel, stainless steel and aluminum. The company's Compact Supply Chain simplifies the production process of its customers through an integrated system of technologies and services that encompasses all the steps of the project: from the pre-processing to the post-processing phase (including finishing, welding, and macroetching). Forgital was founded in 1873 and is based in Vicenza, Italy.

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Buyer(S) 1

Buyer

Stonepeak

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 73.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 43 of 44
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 8
Country: Italy M&A 1 of 1
Year: 2024 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Fleet Companies

Memphis, Tennessee, United States

Fleet Companies is a regional trailer dealership and leasing company. Fleet Companies is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-15 JET

Hamburg, Germany

JET is a fuel retailer in Germany and Austria, serving more than 700,000 customers daily with quality products at fair prices through a network of 970 service stations. Located primarily in urban and high-traffic areas, JET also operates convenience stores, car washes and a rapidly growing EV charging network. JET is based in Hamburg, Germany.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 483 of 488
Sector: Manufacturing M&A 16 of 16
Type: Secondary Buyout M&A Deals 117 of 119
Country: Italy M&A 12 of 12
Year: 2024 M&A 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 1E

London, United Kingdom

1E provides real-time diagnosis, remediation, and automation that fixes issues, fast and without interruption. It puts employees in control, through self-service, self-heal, and sentiment monitoring to understand how they really feel and reduces help desk calls and ultimately costs. 1E was founded in 1997 and is based in London, United Kingdom.

Sell $720M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-21 bluebird bio

Somerville, Massachusetts, United States

bluebird bio is a clinical-stage biotechnology company focused on transforming the lives of patients with severe genetic and orphan diseases using gene therapy. bluebird bio was founded in 1992 and is based in Somerville, Massachusetts.

Buy -