KPS buys industrial machinery forge Siderforgerossi

This is the fifth acquisition completed by KPS Special Situations Mid-Cap Fund, which closed on $1bn in October 2019, surpassing its $750m target. The vehicle focuses on investments in the lower end of the mid-market that require up to $100m in initial equity.

Siderforgerossi is the second deal made by the fund in Italy in 2021, following its acquisition of Metra, a manufacturer of extruded aluminium.

Following the deal, the management team – led by CEO Adriano Zambon – will stay on with the business and continue to lead the company in partnership with KPS. The GP intends to support Siderforgerossi's growth both organically and through add-on acquisitions.

Company
Siderforgerossi is manufacturer of rolled and forged products, including forged bars, flanges, rings and discs for the wind power, oil and gas, earth-moving, automotive, conventional and nuclear power generation, and aerospace sectors across Europe and India.

Established in 2013, Siderforgerossi is headquartered in Arsiero, Italy, and operates nine manufacturing sites in Italy and three additional sites in India.

People
KPS Capital Partners – Ryan Harrison (partner).
Siderforgerossi – Adriano Zambon (CEO).

Advisers
Equity – Intesa Sanpaolo (corporate finance); Houlihan Lokey (legal); Paul Weiss Rifkind Wharton & Garrison (legal).
Company – Mediobanca (corporate finance); NCTM (legal).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• KPS Capital Partners
• Houlihan Lokey
• Intesa Sanpaolo
• Italy