Latham & Watkins Advises The Carlyle Group on Acquisition of Forgital

Transaction represents the largest Italian LBO to date in 2019.

May 31, 2019

Global investment firm The Carlyle Group has announced it has reached an agreement to acquire the entire shareholding in Forgital, a manufacturing company producing large forged and machined components for use in the aerospace and industrial industries, controlled by members of founding Spezzapria family and, with a minority stake, by Fondo Italiano d’Investimento, managed by Neuberger Berman.

The transaction, which values Forgital at approximately €1 billion, is expected to be completed in the second half of 2019, subject to customary closing requirements and regulatory approvals.

Latham & Watkins represents The Carlyle Group in the transaction with a team led from Milan by corporate partner Stefano Sciolla, with corporate partners Giancarlo D’Ambrosio and Jeff Lawlis, finance partner Marcello Bragliani, and associates Giovanni Spedicato, Andrea Stincardini, Alessia De Coppi, Paolo Bernasconi, and Erika Brini Raimondi. Advice was also provided on finance matters by London partners Dominic Newcomb and Charles Armstrong, with associate Tracy Liu; on regulatory matters by Milan counsel Cesare Milani; and on antitrust matters by Brussels partner Luca Crocco. 

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