Houlihan Lokey Advises KPS Capital Partners

Houlihan Lokey is pleased to announce that KPS Capital Partners, LP (KPS) has signed a definitive agreement to acquire Siderforgerossi Group, S.p.A. (Siderforgerossi), a global manufacturer of large diameter forged products. The transaction signed on 9 June 2021 and is expected to close during the third quarter of 2021.

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 capabilities. The company is specialised in large diameter forged products and primarily serves the wind power, oil and gas, earth moving, automotive, conventional and nuclear power generation, 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 company is headquartered in Veneto, Italy, and operates nine manufacturing sites in Italy and three additional sites in India.

KPS is a family of investment funds with approximately $12.8 billion of assets under management as of 31 March 2021. For nearly three decades, the partners of KPS have specialised in 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 $10.9 billion, operate 149 manufacturing facilities in 22 countries, and have approximately 35,000 employees, directly and through joint ventures worldwide. Siderforgerossi represents the second KPS Special Situations Mid-Cap Fund investment in Italy.

Houlihan Lokey acted as the exclusive financing advisor to KPS to arrange, structure, and negotiate the financing for the acquisition

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