Disposal of siderforgerossi to kps capital partners

On 8th June 2021, KPS Capital Partner LP (“KPS”) signed an agreement to acquire a controlling stake in Siderforgerossi Group S.p.A (“Siderforgerossi” or the “Company”) and Immobiliare San Giorgio S.r.l. (together with Siderforgerossi the “Group”)

Please find below a brief description of the deal where Mediobanca acted as exclusive sell-side Financial Advisor to the shareholders of Siderfotgerossi Group S.p.A. and Immobiliare San Giorgio S.r.l. (the “Transaction”).

Established in 2014 through the merger of two forging companies, 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 specializes in large diameter forged products and primarily serves the Wind Power, Oil & Gas, Earth Moving, Power Generation and Aerospace end-markets across Europe and India.

Over the last couple of years, Siderforgerossi recorded average revenues of approx. €190m with an average EBITDA of approx. €22m showing strong resiliency also through the Covid-19 pandemic period.
KPS is a leading independent private equity firm based in US with c. $12.3bn AuM focused on investing in manufacturing businesses. The transaction will be completed by the recently set-up KPS Special Situations Mid-Cap Fund which has $1.0bn of committed capital.

With the support of KPS, Siderforgerossi enters a new stage of growth focusing on organic initiatives, namely wind power and aerospace, and M&A to consolidate the Group.

This transaction further confirms Mediobanca’s leading positioning in the Italian Mid Corporate and Financial Sponsors M&A space and emphasizes the importance of close cooperation with the Private Banking division in supporting entrepreneurs and family-owned companies. Also, it represents a further milestone in strengthening Mediobanca’s primary role in cross-border transactions.