Houlihan Lokey Advises KPS Capital Partners

Houlihan Lokey is pleased to announce that Siderforgerossi Group S.p.A. (Siderforgerossi), a leading global manufacturer of forged products and a portfolio company of KPS Capital Partners, LP (KPS), has acquired Grupo Euskal Forging, S.L., and its subsidiaries (collectively Euskal Forging). The transaction closed on 30 June 2022. Houlihan Lokey served as the exclusive financing advisor on this transaction.

Siderforgerossi is a leading, vertically integrated manufacturer of rolled and forged products with capabilities across the manufacturing spectrum, including ring-rolled, open-die, and closed-die forging. Siderforgerossi specialises in large-diameter forged products and primarily serves the wind power, oil and gas, earth moving, and aerospace end markets across Europe and India. Siderforgerossi provides customers with a vertically integrated offering, including heat treating, destructive and non-destructive testing, and machining. The business is headquartered in Veneto, Italy, and operates nine manufacturing sites in Italy and three additional sites in India.

Founded in 1969, Euskal Forging is a manufacturer of forgings and seamless rolled rings, including rings greater than 8 metres in diameter, serving the wind power, capital goods, oil and gas, power transmission, and mining end markets. Headquartered in Irura, Spain, the company operates three manufacturing facilities and has approximately 170 employees.

KPS is a family of investment funds with approximately $13.4 billion of assets under management as of 31 March 2022. For more than three decades, the partners of KPS have worked exclusively to realise significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment, and general manufacturing. The KPS funds’ portfolio companies have aggregate annual revenues of approximately $19.7 billion, operate 233 manufacturing facilities in 27 countries, and have approximately 52,000 employees directly and through joint ventures worldwide.